Archive for October 27th, 2010

U.S. New Home Sales At 307.000 In September, Down 21.5% YoY

(For September) U.S. new home sales in September were reported at 307.000 SAAR, the consensus was  at 300.000 SAAR, prior reading was at 288.000 SAAR. Chart 1. U.S. New Home Sales SAAR

Greece 2009 Budget Deficit Revised to 15% of GDP

Initially Greece planed a under 3% deficit, then they were reporting 6% , it was 12 % a month ago, and now its 15%. Bloomberg story: Greek Bonds Tumble as Government Says Tax Revenue Falling Short. Spreads wider… Chart 1. Greece vs. Germany 10 Year Government Bond Yield Spread

U.S. Durable Goods Orders Rose 3.3% In September

(For September 2010) Durable good orders rose 3.3% in September vs. 2.0% consensus and -1.0% decrease in August (revised upwards from -1.3%). Chart 1. U.S. Durable Goods Orders Transportation taken out the figure was a decrease of 0.8% vs. 1.9% rise in August (revised upwards from 1.9%). The consensus was at +0.5%. Chart 2. U.S. Durable Goods Orders Ex. […]

MBA Mortgage Applications Up 3.2%

(For The Week Ending October 22, 2010) MBA mortgage applications rose 3.2%; Prior reading was a decrease of 10.5.%; On year level MBA Basic Index is up 47.4%. Chart 1. Mortgage Bankers Association Basic Index SA MBA Refinancing index rose 3.0%; Prior reading was a decrease of 11.2.%; On year level MBA Refinancing Index is up 96.6%. Chart […]

WSJ: Smaller Than Expected QE 2

The newspaper with the best track record on guessing (or maybe pre-announcing)  FED policy changes reports that the QE 2 size will be smaller than market expects. The central bank is likely to unveil a program of U.S. Treasury bond purchases worth a few hundred billion dollars over several months, a measured approach in contrast to purchases of […]


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