US MBA Mortgage Purchase Index Declines
The index declined in the week ended October 9, compared with four weeks earlier and a year earlier.
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The index declined in the week ended October 9, compared with four weeks earlier and a year earlier.
U.S. stocks reduced losses at midday, but higher Treasury yields continued to weigh on rate-sensitive groups. The 10-year note yield was up five basis points at 5.32% after reaching 5.36% earlier.
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI
US MBA mortgage purchase index declines in September (11-week period), is up versus four weeks ago, and is down versus one year ago.