The Producer Price Index (PPI) for Final Demand in September slipped 0.1% following a flat August reading and for October PPI Final Demand posted a gain of +0.2% (consensus -0.1%). Excluding food and energy PPI jumped +0.4% for an annual gain of +1.8%. The NAHB Housing Market Index fell -5 Points in October to 54 and for September expectations are for an edge up to 55. Treasuriesrallied this morning despite the hotter than expected PPI data and the curve has bull flattened with 2s10s down -0.7 bps.
GNMA Issuer Fannie Mae and Freddie Mac Direct Lender Licensed throughout the U.S. and Puerto Rico Privately Held Mortgage Bank for Over 32 Years Excellent Underwriting / Funding Turn Times
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