MBS Update: Losing Some Ground After S&P PMI Data

Donna Lewis

Branch Manager | SVP Mortgage Lending

Guaranteed Rate - Team Donna & Ermina

P: (805) 335-8743

M: (805) 235-0463

www.rate.com/donnaerminateam

www.rate.com/donnaermin...

1065 Higuera Street, Suite 100
San Luis Obispo CA 93401

License:

245945

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MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Losing Some Ground After S&P PMI Data

Mon, Sep 23 2024, 9:50 AM

S&P Services PMI
- 55.4 vs 55.3 f'cast, 55.7 prev
S&P Manufacturing PMI
- 47.0 vs 48.5 f'cast 47.9 prev

Bonds were slightly weaker overnight with some additional selling in the opening hour. The S&P data has added modestly to the pressure, but doesn't look to be creating any excessive sell-off. 10yr yields are up 3.3bps at 3.775 and MBS are down an eighth of a point. This is the only major econ data on tap for today.

More MBS and Treasury Markets

MBS Recap:

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

MBS Morning:

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

MBS Alert:

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

MBS Alert:

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

MBS Recap:

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

Donna Lewis

Branch Manager | SVP Mortgage Lending

Guaranteed Rate - Team Donna & Ermina

P: (805) 335-8743

M: (805) 235-0463

www.rate.com/donnaerminateam

www.rate.com/donnaermin...

1065 Higuera Street, Suite 100
San Luis Obispo CA 93401

License:

245945

Ask Me a Question

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