12 Retail Sales Ex

January 26, 2018 ECONOMIC DATA Date Event 1/26 Adv. Goods Trade Balance 1/26 Wholesale Inventory MoM 1/26 Retail Inventories MoM 1/26 GDP Annualized QoQ 1/26 Personal Consumption 1/26 GDP Price Index 1/26 Core PCE QoQ 1/26 Durable Goods Orders 1/26 Durables Ex Transport 1/26 Cap Goods Orders Ex Air 1/26 Cap Goods Ship Ex Air 2/1 ISM Manufacturing 2/2 Chng. in Nonfarm Payrolls 2/2 Durable Goods Orders

MARKET DATA Index Dow S&P NASDAQ Oil Gold USD Spot

TREASURIES Period Dec Dec P Dec 4Q A 4Q A 4Q A 4Q A Dec P Dec P Dec P Dec P Jan Jan Dec F

Survey -$68.9b 0.4% -3.0% 3.7% 2.3% 1.9% 0.8% 0.6% 0.6% 0.4% 59 183k --

Actual -$71.6b 0.2% 0.2% 2.6% 3.8% 2.4% 1.9% 2.9% 0.6% -0.3% 0.6% ----

Close 26392.79 2839.25 7411.16 65.51 1348.26 89.39

1 Day Chg 140.67 1.71 -3.90 0.09 1.67 -0.34

YTD% Chg 6.77 6.20 7.36 8.57 3.62 -3.33

1 Day Chg 0.00 0.01 0.01 0.01 0.01 0.00 0.00

30 Day 1.56 1.69 1.83 2.10 1.73 4.50 1.41

1 Year 0.77 1.03 1.35 1.71 0.82 3.75 0.67

FHLB ADVANCE RATES (Boston) Term Close 1 Day Chg 1-Month 1.67 -0.01 1-Year 2.09 0.00 2-Year 2.44 0.01 3-Year 2.58 0.00 4-Year 2.69 0.01 5-Year 2.81 0.00

30 Day 1.78 2.16 2.44 2.56 2.70 2.82

1 Year 0.85 1.08 1.67 1.94 2.20 2.44

SHORT RATES Rate 1-Month Libor 3-Month Libor 6-Month Libor 12-Month Libor 1 -Year CMT Prime Fed Funds

Close 1.56 1.75 1.93 2.22 1.79 4.50 1.41

Term 3-Month 6-Month 1-Year 2-Year 3-Year 5-Year 10-Year

Today 1.41 1.63 1.78 2.11 2.23 2.45 2.64

Prev Close 1.42 1.63 1.77 2.08 2.20 2.42 2.62

30 Day 1.33 1.52 1.72 1.90 2.01 2.24 2.48

1 Year 0.50 0.61 0.79 1.22 1.49 1.97 2.50

BENCHMARK AGENCY BULLETS Term Close 1 Day Chg 2-Year 2.11 0.00 3-Year 2.26 0.00 5-Year 2.48 -0.01 7-Year 2.68 -0.03 10-Year 2.91 -0.03

30 Day 1.98 2.10 2.32 2.53 2.77

1 Year 1.29 1.59 2.08 2.46 2.87

1 Day Chg -0.02 -0.05 0.02 0.33 0.33 -0.20

30 Day 2.56 2.61 2.57 2.79 3.29 3.22

1 Year 2.52 2.5 2.35 2.84 3.14 3.34

1 Day Chg -0.02 -0.08 -0.05 -0.05 -0.05 -0.05

30 Day 3.00 3.05 3.10 3.08 3.00 3.11

1 Year 3.19 3.18 3.19 3.10 2.93 2.80

Close 3.21 3.78

1 Day Chg 0.03 0.00

TREASURY INFLATION PROTECTED Term Close 1 Day Chg 5-Year 0.51 -0.04 7-Year 0.56 0.01 10-Year 0.57 0.01 20-Year 0.71 0.02 30-Year 0.81 0.01

30 Day 0.44 0.51 0.54 0.72 0.84

1 Year 0.01 0.26 0.41 0.75 0.93

15-YEAR FNMA TBA Term Close 15-Year 2.5% 2.71 15-Year 3.0% 2.77 15-Year 3.5% 2.70 15-Year 4.0% 2.95 15-Year 4.5% 3.73 15-Year 5.0% 3.64

MUNICIPAL - AAA (Tax Exempt) Term Close 1 Day Chg 1-Year 1.44 0.00 2-Year 1.56 0.00 3-Year 1.61 0.00 4-Year 1.67 0.00 5-Year 1.75 0.00 10-Year 2.22 0.00

30 Day 1.35 1.56 1.60 1.66 1.73 2.09

1 Year 0.92 1.13 1.33 1.52 1.71 2.34

30-YEAR FNMA TBA Term Close 30-Year 2.5% 3.10 30-Year 3.0% 3.16 30-Year 3.5% 3.22 30-Year 4.0% 3.17 30-Year 4.5% 3.07 30-Year 5.0% 3.19

MUNICIPAL - AAA (Taxable) Term Close 1-Year 1.90 2-Year 2.10 3-Year 2.26 4-Year 2.41 5-Year 2.56 10-Year 3.35

1 Day Chg 0.00 0.01 0.00 0.00 -0.01 -0.04

30 Day 1.65 1.80 1.93 2.07 2.21 2.96

1 Yea 1.34 1.61 1.86 2.12 2.33 3.19

MUNICIPAL - AAA (BQ) Term Close 1-Year 1.21 2-Year 1.50 3-Year 1.61 4-Year 1.73 5-Year 1.86 10-Year 2.40

1 Day Chg -0.01 0.02 0.03 0.02 0.01 0.04

30 Day 1.02 1.40 1.52 1.65 1.78 2.35

1 Year 0.84 1.23 1.46 1.67 1.84 2.55

COMMITMENT RATES Term FNMA - 15yr FNMA - 30yr

Source: Bloomberg Data compiled January 26, 2018 at 10 a.m. EST The information contained in this document has been obtained from sources we believe to be reliable. However, we do not guarantee it is accurate or complete. This information is subject to change without notice. This document is not and should not be construed as an offer to buy or sell any security or securities. First Empire Securities, Inc. is a member of FINRA/SIPC. 631-979-0097 | 800-645-5424 | www.firstempire.com