Thursday, May 26, 2016 - 19:05 UK May Consumer Confidence Bounces Off 16-Month Low: GfK 0
--UK April GfK Consumer Confidence Index -1 vs April -3
--GfK: Consumers still appear concerned over 'Brexit' issues
LONDON (MNI) - UK consumer confidence rallied a little in May, bouncing off the 16-month lows seen in April, a survey released Friday found.
The May GfK Consumer Confidence Index stood at -1, up from the -3 recorded in April. It was the just the second reading below zero since December 2014.
Consumer confidence had been fairly steady over the past 12 months, before dipping back towards zero in February.
Thursday, May 26, 2016 - 10:44 Overnight Repo:Treasury General Collateral 5Y Bid; Mild 7Y Bid 0
By Sheila Mullan
NEW YORK (MNI) - The overnight repo market saw the Treasury General Collateral rate tighten Thursday again, as various accounts sought to park money there ahead of a potential June rate hike.
The Treasury General Collateral rate opened around 0.31%, then tightened to 0.28%, in a second day of such tightness, said traders. Some said T-bills paydowns produced such investments, while others noted some accounts wanted to position cautiously ahead of the June FOMC meeting, and so parked money in the Treasury G/C.
The 5-year note continued to see demand, amid auction tied and curve-tied shorts being done. The 2-year notes had some milder demand, with light bid in the 7-year notes too.
Tsy General O/N...
Thursday, May 26, 2016 - 10:00 Freddie Mac Text: Mtg Survey: 30Y Fixed Avg 3.64% May 26 Wk 0
--Rates Up Slightly on FOMC Minutes
--May Mortgage Rates Lowest Month in Three Years
WASHINGTON (MNI) - The following is the text of the latest Freddie Mac Primary Mortgage Market Survey released Thursday:
Freddie Mac today released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates up slightly from 2016 lows.
- 30-year fixed-rate mortgage (FRM) averaged 3.64 percent with an average 0.5 point for the week ending May 26, 2016, up from last week when it averaged 3.58%. A year ago at this time the 30-year FRM averaged 3.87%.
- 15-year FRM this week averaged 2.89 percent with an average 0....
Thursday, May 26, 2016 - 08:30 US Jobless Claims Fell 10,000 to 268,000 In May 21 Week 0
By Kevin Kastner
WASHINGTON (MNI) - Initial claims for U.S. state unemployment benefits fell by 10,000 to a level of 268,000 in the May 21 week, data released by the Labor Department Thursday showed.
Expectations for this week's data were for an adjusted claims level of 275,000, which would have been down 3,000 from the previous week's originally reported 278,000 level. That week's level was unrevised.
The Labor Department said there were no special factors in this week's claims data and only Wyoming's claims were estimated.
Seasonal adjustment factors had expected an increase of 2.0%, or 5,003, in unadjusted claims for the current week. Actual unadjusted claims fell by 4,001 to 240,868 in the week...
Thursday, May 26, 2016 - 08:30 US Data: States With The Largest Changes In Claims, NSA 0
WASHINGTON (MNI) - The following are the changes in unadjusted initial claims by state for the week ended May 14. Data for the May 21 week are not yet available:
STATES WITH AN INCREASE OF MORE THAN 1,000
State Change State Supplied Comment
MO +4,153 Layoffs in the manufacturing, accommodation and food service, and transportation and warehousing industries. CA +1,645 No comment.
STATES WITH A DECREASE OF MORE THAN 1,000
State Change State Supplied Comment
NY -15,881 Fewer layoffs in the transportation and warehousing, educational service, and accommodation and food service industries.
Thursday, May 26, 2016 - 04:42 UPDATE: UK Q1 GDP Confirmed +0.4% Q/Q; Y/Y Revised Lower 0
-UK Q1 GDP +2.0% Y/Y vs +2.1% Previous -UK Q1 Services +0.6% Q/Q vs +0.7% in First Estimate -UK Q1 Business Investment -0.5% q/q vs -2.0% q/q in Q4 -UK Q1 Household Consumption +0.7% vs +0.6% in Q4 -UK Q1 Net Trade Subtracts 0.4 percentage points from total growth
By Laurie Laird and Jamie Satchithanantham
London (MNI) - UK growth was confirmed at a below-trend pace over the first quarter, as net trade weighed on total output and service sector growth was revised downward from the first estimate of gross domestic product.
GDP increased by 0.4% in three months to March, in line with the MNI median forecast, matching the originally-reported gain, but slowing from the 0.6% pace recorded in the final quarter of 2015...