MBS Update: First Move is Stronger After CPI

Chris Kobz

SVP - Area Manager

Fairway Independent Mortgage Corp.

P: (530) 624-5388

FairwayMortgageChico.com

300 Salem Street
Chico Ca 95928

License:

208371

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

First Move is Stronger After CPI

Wed, May 15 2024, 8:36 AM

Core Month Over Month CPI
- 0.3 vs 0.3 f'cast, 0.4 prev
Core Annual CPI
- 3.6 vs 3.6 f'cast, 3.8 prev
Retail Sales
- 0.0 vs 0.4 f'cast, 0.6 prev

Unfortunately for those that were hoping for huge fireworks today, the as-expected core CPI headlines should result in the smallest possible movement. Fortunately, that movement is in a friendly direction, helped along by the weaker Retail Sales print.

10yr yields are down 7bps at 4.369 and MBS are up just over an eighth of a point.

More MBS and Treasury Markets

MBS Recap:

Data Driven Rally, But Next Week's Data is More Important - Fri, May 31, 8:23 PM

MBS Alert:

MBS Down Just a Bit More - Fri, May 31, 7:02 PM

MBS Alert:

MBS An Eighth of a Point Off The Highs - Fri, May 31, 5:11 PM

MBS Morning:

Monthly PCE Inflation Gets Bonds Back Into Last Week's Range - Fri, May 31, 3:13 PM

MBS Update:

Rallying After PCE Comes in at 0.2 vs 0.3 - Fri, May 31, 12:41 PM

Chris Kobz

SVP - Area Manager

Fairway Independent Mortgage Corp.

P: (530) 624-5388

FairwayMortgageChico.com

300 Salem Street
Chico Ca 95928

License:

208371

Ask Me a Question

Home | Weekly Newsletter | Mortgage Calculators | Library | Econ Calendar

Mortgage Calculators | Weekly Newsletter

Reproduction or redistribution of the contents of this newsletter, outside of the distribution services provided, either in whole or in part, is prohibited without prior written permission of the MBS Live, Inc.

The interest rate data provided in this newsletter are national averages from independent data sources. Rate/APR terms may differ from those listed above based on the creditworthiness of the borrower. All information provided "as is" for informational purposes only, not intended for trading purposes or financial advice.

Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.