In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Wednesday, June 10, 2009

Changes, Comments, Summary, Calendar for Thursday

by Calculated Risk on 6/10/2009 10:46:00 PM

Note: the graphic format has been changed. The in post graphics will be larger, and not use blogspot (blogspot graphics were blocked by many companies and government agencies).


Ken has done an incredible job with the comments. Check them out.

As a reminder, there are many people that read the comments for information and alternative insights. Please keep the comments clean ... offensive comments (like suggesting violence) will be deleted and the commenter either warned or banned. I shouldn't have to define offensive comments, but clearly bigotry, threats of violence, misogyny, and attacking other commenters is all offensive behavior.

To all readers and commenters:

  • If you see an offensive comment, please alert Ken or CR. Ken can be reached with the feedback form on the comment page. CR's email address is in the menu bar above. Your help is needed and appreciated.

  • Commenters: Thanks for participating! Please think signal-to-noise ratio when posting - more signal, less noise - especially during the day. Off topic comments on economics and finance are fine. Different viewpoints are encouraged. New posters should be welcomed. I'd like to discourage "xxx is a liar", "yyy is a fraud" type comments. That is just noise.

  • Readers: Thanks for reading. Please think about participating. The comments are free and you will be welcomed.

  • Donations to Ken: Please help Ken with the costs for running the message board. He has graciously volunteered his time and efforts - and keeps adding new features like the auto refresh. There is more coming.

    Daily Summary:

  • Long rates are rising.

    From CNBC: Treasury Holds 'Awful' Auction: 10-Year Yield Hits 3.95%

    From the WSJ: Rate Rise Clouds Recovery
    On Wednesday, rates on 30-year fixed-rate mortgages climbed to 5.79%, up from 5% two weeks ago, according to HSH Associates. That jump will cut roughly in half the number of borrowers with an incentive to refinance, according to FTN Financial.
    From the MBA: Mortgage Rates Increase, Refinance Applications Decline

    Here is a cool tool from Political Calculations: Predicting Mortgage Rates and Treasury Yields

  • Trade Deficit Increases Slightly in April

  • From the Fed: Beige Book: Economic conditions remained weak or deteriorated further

    Economic Calender for Thursday

  • Retail Sales 8:30 AM ET

  • Weekly Jobless Claims 8:30 AM ET

  • Business Inventories 10 AM ET

  • Fed: Flow of Funds Report 12 PM ET

  • Hotel Occupancy Report (morning)

  • Atlanta Federal Reserve Bank President Dennis Lockhart 1:05 PM ET

    Futures are up slightly:

    Bloomberg Futures.

    And the Asian markets are mixed.