MBS Alert: Weaker After ADP Employment Data

Patrick Smith

Executive / Management / Banker

Integrated Funding

P: (919) 847-2766

4098 Barrett Dr
Raleigh NC 27609

License:

67369

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Weaker After ADP Employment Data

Wed, Oct 2 2024, 8:26 AM

ADP Employment
- 143k vs 120k f'cast, 103k prev

Bonds were already slightly weaker in the overnight session and have extended losses in the wake of the ADP data. This highlights just how big the focus on employment data is at the moment. 10yr yields are up 5.4bps at 3.787 and MBS are down an eighth.

More MBS and Treasury Markets

MBS Recap:

Not as Bad as it Could Have Been - Fri, 9:44 PM

MBS Alert:

MBS Down Just Over an Eighth From Highs - Fri, 6:52 PM

MBS Morning:

Stronger Start After Cooler PCE, But Don't Expect Miracles - Fri, 2:54 PM

MBS Update:

PCE Cooler Than Expected. Bonds Rallying Modestly - Fri, 1:34 PM

MBS Recap:

Fairly Uneventful Follow-Up to Fed Day - Thu, 9:30 PM

Patrick Smith

Executive / Management / Banker

Integrated Funding

P: (919) 847-2766

4098 Barrett Dr
Raleigh NC 27609

License:

67369

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.