Halister News

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.

• Existing Homes 5.45m; range 5.35m to 5.58m (73 estimates)
• Existing Homes 0.18% m/m; range -1.65% to 2.57% (73 estimates)
• "While the fundamentals remain supportive, the supply issue is unlikely to be resolved any time soon. The problem will only be amplified, given the number of homes destroyed by the hurricanes”: Bloomberg Intelligence
• In July, existing home sales dropped 1.3 percent to 5.44 million at an annual rate, the fourth decline so far this year

To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.

• Daily trend bias: Bearish
• Comment: Downside profile has been raised after sustained break below 55-, 100-DMAs located at 126-06/126-09+; deeper downside levels now exposed with 125-17 Fibonacci line seen as lower objective before market turns oversold
  • Resistance: 126-07; 126-09; 126-18
  • Support: 125-30/29; 125-21+; 125-17
• NOTE: Treasuries, Gold Head Into FOMC Event With a Downbeat Chart Bias
• NOTE: Contract rolls with active futures on GFUT (no adjustments)
• NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Scott Hamilton

(Bloomberg) -- Greek bond spreads over Germany could widen and become more volatile if Angela Merkel’s CDU forms a coalition with pro-business FDP in elections Sept. 24, as the latter have indicated a hard-line stance on debt relief for Greece, according to ING.

• “The tone could be a bit harsher toward Greece and bond spreads therefore a bit wider,” says strategist Benjamin Schroeder in emailed comments
  • “GGB spreads over bunds could get more volatile”
• “If the FDP were to become coalition partner it would probably be even more complicated to get any form of debt relief measures for Greece passed”
• Any coalition with SDP or Greens could vote in favor of Greece, he says
• NOTE: Trading in Greek bonds remains scant. Bank of Greece data show that turnover on the electronic secondary securities market, or HDAT, totaled 15 million euros ($18 million) this month through Sept. 15, compared with 64 million euros in August.

To contact the reporter on this story: John Ainger in London at jainger@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Anil Varma

--BEN SCENT