Market Update

FNMA 30-YR 4.0%

Previous close 98.030
Opened Up 0.22bp @ 98.250

Key Economic Data:

EUR / USD 1.3230 Down 0.0014
USD / JPY 84.0690 Up 0.1565
GBP / USD 1.5518 Down 0.0155

OIL 87.53 Down 0.17
Gold 1,72.90 Up 1.90

Key Economic News:

Just the leading index today, hardly worth notice as it mostly repackages old news...

10:00: Index of leading indicators for Nov...a large gain. The big driver this month is the index of supplier deliveries; it should contribute 43bp to the increase. Other notable positives: the yield curve (+27), initial claims (+19), followed by real M2 (+11), stock prices and consumer expectations (+9 apiece), the workweek (+7), and probably small presumed increases in real orders (the Conference Board estimates these on the first round). The only clear negative comes from housing permits (-11).
Median forecast (of 59): +1.1%, ranging from +0.3% to +1.3%; last +0.5%.

Advice:

This news if anything will help to suggest that the economy is still improving and help the market sell today. As we get closer to the holidays we will also see less Traders around and the market could become more volatile. I would recommend locking today.