April 21, 2014Daily Rates & Viewpoints From the Officers & Staff of TIB.

Economic Calendar

Day Date Release Survey Prior
Mon 4/21 Chicago Fed Nat Activity Index 0.20 0.14
Mon 4/21 Leading Index 0.7% 0.5%
Tue 4/22 FHFA House Price Index MoM 0.5% 0.5%
Tue 4/22 Richmond Fed Manufacturing Index 1 -7
Tue 4/22 Existing Home Sales 4.55M 4.60M
Tue 4/22 Existing Home Sales MoM -1.1% -0.4%
Wed 4/23 Markit US Manufacturing PMI 56.0 55.5
Wed 4/23 New Home Sales 450K 440K
Wed 4/23 New Home Sales MoM 2.3% -3.3%
Thu 4/24 Durable Goods Orders 2.0% 2.2%
Thu 4/24 Durables Ex Transportation 0.6% 0.1%
Thu 4/24 Cap Goods Orders Nondef Ex Air 1.0% -1.4%
Thu 4/24 Initial Jobless Claims 315K 304K
Thu 4/24 Continuing Claims 2740K 2739K
Thu 4/24 Kansas City Fed Manf. Activity 8 10
Fri 4/25 Markit US Services PMI 56.3 55.3
Fri 4/25 Univ. of Michigan Confidence 83.0 82.6
 

BQ Muni Calendar

Date State Issuer $ Amt (MM)
4/21 TX AUBREY ISD -REF NEGOTIATED $ 7.428
4/21 TX HARRIS CO MUD #287 COMPETITIVE $ 4.165
4/21 TX NEDERLAND ISD COMPETITIVE $ 6.08
4/22 TX ROYSE CITY -REF COMPETITIVE $ 4.865
4/22 TX CIBOLO COMPETITIVE $ 2.875
4/22 TX EL CAMPO ISD -REF COMPETITIVE $ 7.2
4/22 TX GALVESTON CO MUD #66 COMPETITIVE $ 2
4/23 TX HARRIS CO MUD #322 COMPETITIVE $ 3.42
 

2014 FOMC Meetings:

April 29-30

June 17-18

July 29-30

Sept 16-17

Oct 28-29

Dec 16-17

Market Levels @ 7:01 AM CDT

TIB Fed Funds & MMDA Rates - Previous Day
Agent 0.20% Prin 0.05% MMDA 0.30%
STAR Prin 0.10% STAR MMDA 0.35%
Key Indices/Commodities
1 - Month LIBOR 0.15% Dow Jones 16408.54
3 - Month LIBOR 0.23% NASDAQ 100 4095.52
1-Yr LIBOR 0.55% S&P 500 1861.20
1-Yr CMT 0.11% Spot Gold 1284.90
Prime 3.25% Spot Silver 19.29
3-yr LIBOR Swap/Offer 1.02% Spot Crude Oil 104.08
5-yr LIBOR Swap/Offer 1.84% CRB Index 311.46
3 Mo - Fed Fund Futures 0.09% 6 Mo - Fed Fund Futures 0.1%
US Treasury Yields US Non-Callable Agency Yields
Yield Maturity Yield Spread
0.00% 90 - Days    
0.00% 180 - Days    
0.35% 2 - Year 0.41% 6bp
0.87% 3 - Year 0.90% 3bp
1.70% 5 - Year 1.84% 14bp
2.69% 10 - Year 3.13% 44bp
3.49% 30 - Year    
234 BPs Yield Curve(2's-10's)
Sample 1x Callable Agency Issues
Description Call Date YTC YTM
FNMA 1.2 11/16/17 5/16 1.20% 1.20%
Select MBS Levels
Description Coupon Yield Spread/Duration*
15-Yr FNMA 3.00% 2.35% 57 / 4.57
30-Yr GNMA 3.50% 3.13% 87 / 5.60
*Duration @ 12 month Historical CPR
Morning Commentary: David Terrell

The treasury market really sold off Thursday and it was closed for Good Friday.  Last Wednesday, the 10 year note closed at 2.62% and closed early Thursday up 10 basis points.  Today, the yield is down 2 bps.  Leading indicators climbed more than expected to 0.8% and container shipments in the Port of Los Angeles jumped by the most in seven years.  The domestic labor market continues to be weak as it added fewer jobs on average in the first quarter than in the same period in the prior two years.  Global risk is still high after a deadly shootout in Ukraine that could spark a flight to safety in treasuries. 

Information contained herein is based on sources we believe to be reliable but its accuracy is not guaranteed. Customers should rely on their own outside counsel or accounting firm for specific circumstances. The securities, yields or levels discussed herein are for illustration purposes and are not guaranteed, not obligations of any bank, thrift or other entity and are not insured by the FDIC.

Permalink [ http://www.mybankersbank.com/tib-ticker/archive/date/2014-04-21 ]
Manager Newsletters [ Subscribe / Unsubscribe ] | Return to the TIB Home Page | Search TIB Ticker Archives

• Investment Sales • A/L Management • Portfolio Accounting • Safekeeping • Fed Funds • Trust Preferred • Call us at 800.374.4842.

NOTICE: Sending non-public sensitive information through email is not secure and should be avoided.
Please limit this communication to general questions and/or comments.

350 Phelps Drive Irving, Texas 75038 | Phone Numbers: (800) 288-4TIB (4842) or (972) 650-6000 | FAX (972) 650-6000
© 2003-2014 TIB All rights reserved. All trademarks are owned by their respective companies.
"The Trusted Partner For Those We Serve."