MBS Update: Slightly Weaker After Retail Sales

Jason R. Richardson

Regional Branch Manager

City First Mortgage

P: (800) 475-6255

M: (661) 857-2202

E: jason@city1st.com

RichardsonLending.com

750 S Main Street
Bountiful UT 84010

License:

NMLS #256859

Licensed in AL, CA, CO, HI, NC, NV, OH, TX, TN

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Slightly Weaker After Retail Sales

Tue, Sep 17 2024, 8:36 AM

Retail Sales
- 0.1 vs -0.2 f'cast, 1.0 prev
Retail Sales excluding autos
- 0.1 vs 0.2 f'cast, 0.4 prev

Bonds were barely stronger overnight and are losing just a bit of ground following the stronger Retail Sales number. Looking beyond the headline, the commonly analyzed sub-components were all in line with or below expectations. This is helping to offset the negative impulse.

MBS are down only 1 tick (.03) and 10yr yields are down 0.6bps at 3.611 (off previous lows of 3.593).

More MBS and Treasury Markets

MBS Recap:

More Resilient Today, But It's Still All About Data - Today, 9:14 PM

MBS Morning:

Stronger Data Saps Overnight Gains - Today, 3:41 PM

MBS Alert:

MBS Down to New Lows - Today, 2:32 PM

MBS Alert:

Losing Overnight Gains After Stronger Claims Data - Today, 12:35 PM

MBS Recap:

Is it Time to Worry About Bond Market Losses? - Wed, 8:49 PM

Jason R. Richardson

Regional Branch Manager

City First Mortgage

P: (800) 475-6255

M: (661) 857-2202

E: jason@city1st.com

RichardsonLending.com

750 S Main Street
Bountiful UT 84010

License:

NMLS #256859

Licensed in AL, CA, CO, HI, NC, NV, OH, TX, TN

Ask Me a Question

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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.