Moments ago, the FHFA announced that its House Price Index rose 0.9% in February and that was slightly below the 1% that analysts were expecting. The CoreLogic Case-Shiller report was also released this morning and for February, its 20-City House Price Index rose 1.17% and slightly beat estimates calling for 1.1%. Year-over-year, that measure jumped to 11.94% from 11.12%. For all of the U.S., the year-over-year Case-Shiller index was up 11.97%. A little later, the Conference Board will report on Consumer Confidence and the Richmond Fed will release its Manufacturing Index for April. The Treasury will be selling $28B Two-Year Floating Rate Notes and $62B Seven-Year Notes.
Treasury prices were already slightly lower prior to this morning’s data release and that hasn’t changed much. The Long Bond is still hanging around 2.25% with the Ten-Year at 1.57%. The Two-Year is off just a touch at 17 basis points. Crude oil is up about a half-dollar to $62.45 while gold is little changed at $1,783. Equity futures are mixed.