What's The Agenda...

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What is on the agenda for this week? Date Time (ET) Economic Release Actual Market Expects Prior 9-Sep 3:00 PM Consumer Credit - $13.0B $13.8B 10-Sep 10:00 AM JOLTS - Job Openings - NA 3.936M 11-Sep 7:00 AM MBA Mortgage Index - NA 1.30% 11-Sep 10:00 AM Wholesale Inventories - 0.20% -0.20% 11-Sep 10:30 AM Crude Inventories - NA -1.836M 12-Sep 8:30 AM Initial Claims - 327K 323K 12-Sep 8:30 AM Continuing Claims - 2975K 2951K 12-Sep 8:30 AM Export Prices ex-ag. - NA 0.00% 12-Sep 8:30 AM Import Prices ex-oil - NA -0.40% 12-Sep 10:30 AM Natural Gas Inventories - NA 58 bcf 12-Sep 2:00 PM Treasury Budget - NA -$190.5B 13-Sep 8:30 AM Retail Sales - 0.40% 0.20% 13-Sep 8:30 AM Retail Sales ex-auto - 0.30% 0.50% 13-Sep 8:30 AM PPI - 0.20% 0.00% 13-Sep 8:30 AM Core PPI - 0.10% 0.10% 13-Sep 9:55 AM Mich Sentiment - 82 82.1 13-Sep 10:00 AM Business Inventories - 0.30% 0.00% We have another big week for MBS trades.  Not only do we have some very important economic reports (such as Retail Sales) but we also have a huge supply of Treasury auctions to contend with, a Congressional vote on Syria, a monthly bond coupon roll over, and this is the last week before the next Fed meeting. Treasury auctions this week: 09/10 - 3 year note 09/11 - 10 year note 09/12 - 30 year bond. MBS have made some more gains this morning but are now testing the 10 day moving average.   MBS have a very nasty habit of pulling back from that important technical resistance.  But this week could give you a temporary improvement in pricing on Wednesday after the Syria vote.  If we vote to attack MBS will spike and your pricing will temporarily improve.  This will override any economic news for the week.