| Last | Change | Percent | |
| S&P Futures | 2052.0 | 12.5 | 0.61% |
| Eurostoxx Index | 3645.1 | -4.5 | -0.12% |
| Oil (WTI) | 48.2 | 0.0 | 0.06% |
| LIBOR | 0.268 | 0.001 | 0.41% |
| US Dollar Index (DXY) | 99.1 | -0.698 | -0.70% |
| 10 Year Govt Bond Yield | 2.07% | -0.04% | |
| Current Coupon Ginnie Mae TBA | 102.5 | 0.1 | |
| Current Coupon Fannie Mae TBA | 101.4 | 0.2 | |
| BankRate 30 Year Fixed Rate Mortgage | 3.84 |
Stocks are higher this morning after the big US banks passed their stress tests and raised dividends / buybacks. Bonds and MBS are up.
Retail Sales fell .6% in February. Ex autos and gas, they fell .2%. Poor weather on the East Coast and the West Coast port strike undoubtedly affected these numbers. The port strike is causing retailers to be light on spring inventory, particularly apparel.
Initial Jobless Claims fell to 289k from 320k the week. Import Prices rose .4% in Feb, but are down 9.4% year-over-year. The Bloomberg Consumer Comfort Index rose to 43.3, and business inventories were flat in January.
Are we starting to feel the economic effects of the stronger dollar? Exporters are beginning to cite dollar strength for weakness in their overseas operations.
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