MBS Update: Bonds Rallying on JOLTS Data

Sean Bailey

Branch Operator

Caliver Beach Mortgage

M: (678) 231-2462

E: seanb@caliverbeach.com

www.investwithsean.com

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Jacksonville FL 32073

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NMLS # 2128276

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MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Bonds Rallying on JOLTS Data

Wed, Sep 4 2024, 10:03 AM

Job Openings
- 7.673m vs 8.100m f'cast
- last mo revised to 7.91 from 8.18
Job Quits
- 3.277 vs 3.282m prev
- (lower is better for bonds)

bonds were slightly stronger heading into the JOLTS data--today's most significant economic headline. With the weaker result as well as the downward revision to the previous month, yields are falling and MBS are rallying.

10yr yields are now down 5.7bps at 3.775 and MBS are up an eighth of a point.

More MBS and Treasury Markets

MBS Recap:

Wild Ride on Jobs Day as Fed Speakers Steal The Show - Fri, September 6, 9:33 PM

MBS Alert:

Lenders Could Reprice in EITHER Direction - Fri, September 6, 4:32 PM

MBS Morning:

Jobs Report Does Nothing to Resolve Fed Rate Cut Debate - Fri, September 6, 2:55 PM

MBS Update:

Reversal Reversing (Bonds Turning Green) - Fri, September 6, 2:37 PM

MBS Alert:

Bonds Fully Erase Post-NFP Gains - Fri, September 6, 1:37 PM

Sean Bailey

Branch Operator

Caliver Beach Mortgage

M: (678) 231-2462

E: seanb@caliverbeach.com

www.investwithsean.com

Pre-Approval Link!

Get A Quote!

Jacksonville FL 32073

License:

NMLS # 2128276

Ask Me a Question

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