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U.S. Day Ahead: Mortgage data to reveal bond rout damage

Tuesday, June 25, 2013 - 02:16

June 25 - Mortgage data on applications and rates will show how the bond market rout has played out with homeowners and what damage it might have caused to the recovering housing market.

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Ready to -- markets that the app at cocktail party tonight. Here are three stories that'll do the trek let's start with Microsoft. The software giant begins it's annual three day developers conference in San Francisco. The company will release a text version of its windows eight point one to try to persuade app developers that windows still has a future inaudible wild world. Analysts will be listening for how Microsoft plans to regain relevance lost with apple and right products. In case -- happy with the new version they'll be an option to shot bounced right from the newly returned start button. One the sense of where we stand on consumer demand at number two we have bad back and beyond coming out with its first quarter results tomorrow. Investors have been critical of the company's aggressive investments in each conference and they now want to see returns. Wall Street analysts expect both profit and sales to be up compared to the same quarter last year. And not consumer favorite General Mills will announce fiscal 2013 fourth quarter and annual results tomorrow. It makes the popular brands Cheerios Wheaties and -- play. Analysts expect fourth quarter earnings to decline but looking at this chart they love Wheaties enough to have an optimistic outlook on the company. And at number one -- some key economic data US GDP for the first quarter comes out in time for that morning copy it eight parity. Analysts are expecting it to come in at 2.4 percent. Not back since government spending has dropped this year due to budget cuts and companies are stocking inventory and slower rates. But it will be a big jump from the fourth quarter supporting that the economy is growing. Looking to buy -- house. The big question is the bond market hurting demand for mortgages. The yield on the ten year note has spiked about 1% since last month. That often leads to an increase in boring race analysts will be watching that thirty year mortgage rate which is expected to rise. Follow us on Twitter at Reuters Insider and get more videos and Reuters dot com slash Reuters TV. I'm -- not -- this is --

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U.S. Day Ahead: Mortgage data to reveal bond rout damage

Tuesday, June 25, 2013 - 02:16