Morning Report – no movement on the debt ceiling 10/14/13

Vital Statistics:

Last Change Percent
S&P Futures 1685.9 -13.1 -0.77%
Eurostoxx Index 2963.5 -10.8 -0.36%
Oil (WTI) 101.5 -0.5 -0.49%
LIBOR 0.246 0.002 0.90%
US Dollar Index (DXY) 80.15 -0.213 -0.27%
10 Year Govt Bond Yield 2.69% 0.00%
Current Coupon Ginnie Mae TBA 105.2 -0.2
Current Coupon Fannie Mae TBA 104.3 -0.1
RPX Composite Real Estate Index 200.7 -0.2
BankRate 30 Year Fixed Rate Mortgage 4.28
Stock markets are weaker this morning as a deal fails to emerge over the weekend. The bond market is closed.
No deal emerged over the weekend, and it appears Democrats are moving to the left as they want to address the sequestration cuts. Not sure if this is just a negotiating posture or something they intend to hold on to. Supposedly we will hit the debt ceiling this week. Republicans offered a 6 week clean extension of the debt ceiling over the weekend, with the government remaining shut. This was rejected by Democrats.
Earnings season kicks off in earnest this week, with heavyweights like Coca Cola, Citi, Johhny John, Goldman, Google, and GE.
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