| Last | Change | Percent | |
| S&P Futures | 1403.7 | 9.6 | 0.69% |
| Eurostoxx Index | 2537.3 | 11.9 | 0.47% |
| Oil (WTI) | 107.2 | 0.3 | 0.31% |
| LIBOR | 0.4727 | -0.001 | -0.11% |
| US Dollar Index (DXY) | 79.272 | -0.073 | -0.09% |
| 10 Year Govt Bond Yield | 2.27% | 0.04% | |
| RPX Composite | 169.79 | 0.1 |
Markets are generally higher this morning on no real news. Bonds and MBS are weaker as risk aversion continues to wane. Commodities are slightly higher.
The Chicago Fed National Activity Index came in at -.09 in Feb, down from +.33 in Jan and below expectations. Essentially the index tells you whether the economy is growing above trend (positive number) or below trend (negative number). It takes into account 85 different economic indicators. The biggest positive contributor was employment, while consumption and housing were the biggest negatives.
Meanwhile, Ben Bernake is saying the job market remains weak and the recent drops in unemployment are unlikely to continue.
Speaking of housing, KB Homes released numbers on Friday and the stock was pummeled, as the street was spooked by the lower new orders numbers. KB was blaming the number on their preferred lender (Met Life) exiting the market. Overall, the tone of the conference call was constructive, with the company noting several signs that the housing market is steadily improving.
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