| Last | Change | Percent | |
| S&P Futures | 2090.8 | -4.5 | -0.21% |
| Eurostoxx Index | 3469.7 | -18.4 | -0.53% |
| Oil (WTI) | 51.07 | -0.1 | -0.18% |
| LIBOR | 0.261 | 0.004 | 1.52% |
| US Dollar Index (DXY) | 94.67 | 0.270 | 0.29% |
| 10 Year Govt Bond Yield | 2.07% | -0.04% | |
| Current Coupon Ginnie Mae TBA | 102 | -0.2 | |
| Current Coupon Fannie Mae TBA | 101.4 | 0.2 | |
| BankRate 30 Year Fixed Rate Mortgage | 3.88 |
Markets are lower this morning as the EU / Greek kabuki dance continues. Bonds and MBS are up.
The Markit US Manufacturing PMI Index rose to 54.3 in Feb from 53.9 in January. Good reading, given the fact that the Northeast got slammed with snow all month.
Greece is set to run out of cash as early as next month, so the talks with the EU are increasingly important. Remember, this is all a kabuki dance. Greek voters want to stay in the Euro, and German voters want Greece to stay in the Euro. They will get a deal done, although bonds will be buffeted by the day-to-day headlines.
Megan McArdle on why Wal-Mart raised wages. It was not due to labor activists - it was a business decision to try and minimize turnover and motivate employees. This is good news for wage growth in general, as companies may be forced to raise wages to compete. The great stagnation might be ending.
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