Breaking Stories

Tuesday: Case-Shiller and FHFA House Prices, Richmond Fed Mfg

by Calculated Risk on 12/27/2021 07:25:00 PM

From Matthew Graham at Mortgage News Daily: MBS RECAP: Bonds Sticking to Uneventful Script

Domestic traders were slightly better buyers despite another run to record highs in stocks. 10yr yields hit the 3pm close down just over 1bp (1.482). MBS were sideways at modestly stronger levels as well. [30 year fixed 3.27%]
emphasis added

o At 9:00 AM ET, FHFA House Price Index for October. This was originally a GSE only repeat sales, however there is also an expanded index.

o At 9:00 AM, S&P/Case-Shiller House Price Index for October. The consensus is for a 18.5% year-over-year increase in the Composite 20 index for October.

o At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for December. This is the last of regional manufacturing surveys for December.

And on COVID:

COVID Metrics
Today Week
Percent fully Vaccinated 60.9% >=70.0%1
Fully Vaccinated (millions) 202.2 >=2321
New Cases per Day3? 206,577 136,450 <=5,0002
Hospitalized3 56,466 61,362 <=3,0002
Deaths per Day3 1,041 1,164 <=502
1 Minimum to achieve “herd immunity” (estimated between 70% and 85%).
2my goals to stop daily posts,
37-day average for Cases, Currently Hospitalized, and Deaths
? Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths
? Goal met.

COVID-19 Positive Tests per DayClick on graph for larger image.

This graph shows the daily (columns) and 7-day average (line) of positive tests reported.

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