MBS Alert: Jobs Report Crushes Expectations. Here Come Higher Rates

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 Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Jobs Report Crushes Expectations. Here Come Higher Rates

Fri, Oct 4 2024, 8:32 AM

Nonfarm Payrolls
- 254k vs 140k f'cast, 159k prev
Unemployment Rate
- 4.1 vs 4.2 f'cast
Wages
- 0.4 vs 0.3 f'cast
- last month revised up to 0.5

Nothing good to see here for the bond market. No surprise to see massive selling in response. 10yr up an instant 11+ bps at 3.95+.

MBS haven't even seen enough liquidity yet to know how much they'll be down, but more than half a point is the starting point.

More MBS and Treasury Markets

What's Up With These Crazy Gains on Monday Morning?! - Today, 3:49 PM

Weaker Afternoon, But Still Uneventful - Fri, December 27, 9:57 PM

New Lows and Modest Reprice Risk - Fri, December 27, 7:48 PM

Weaker in Europe, But Reasonably Resilient in Early US Trading - Fri, December 27, 2:31 PM

Friendly Reversal Thanks to 7yr Treasury Auction - Thu, December 26, 9:32 PM

View More »

Patrick Smith

Executive / Management / Banker

Integrated Funding

P: (919) 847-2766

4098 Barrett Dr
Raleigh NC 27609

License:

67369

Ask Me a Question

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

Mortgage Calculators | Weekly Newsletter

These Marketing tools are provided by © MBS Live, LLC. All rights reserved. Learn more about these services.

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.

© MBS Live, LLC. - All rights reserved.

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.