| Last | Change | Percent | |
| S&P Futures | 2075.1 | 22.4 | 1.17% |
| Eurostoxx Index | 3668.4 | -1.4 | -0.04% |
| Oil (WTI) | 50.85 | -0.6 | -1.13% |
| LIBOR | 0.269 | -0.001 | -0.30% |
| US Dollar Index (DXY) | 97.28 | -0.152 | -0.16% |
| 10 Year Govt Bond Yield | 1.98% | -0.01% | |
| Current Coupon Ginnie Mae TBA | 102.5 | 0.0 | |
| Current Coupon Fannie Mae TBA | 101.9 | 0.2 | |
| BankRate 30 Year Fixed Rate Mortgage | 3.82 |
Markets are higher this morning on overseas strength. Bonds and MBS are up small.
Personal Income came in at .4%, higher than the Street estimate. Personal Spending however disappointed. The PCE Core rate (the inflation rate preferred by the Fed) came in at 1.4%, lower than the Fed's 2% target.
Pending Home Sales rose 3.1% in February, higher than the estimate. The Northeast was affected by the weather, but the Midwest jumped. February is a short month and during the seasonal slow period, so it is hard to read too much into these numbers.
Beard has a blog. Supposedly he will dish on his critics and go after the "audit the Fed" crowd. It might be interesting as a "Talking Points Memo" on monetary policy, where surrogates argue with critics, leaving the official participants out of it.
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