MBS Alert: ADP Jobs Much Higher Than Expected. Bonds Selling, But Gently So Far

Brad Roche

The Mortgage Planner

Element Home Loans

P: (704) 728-0191

M: (704) 929-7718

www.TheMortgagePlanner.com

400 North Harbor Place
Suite G & H
Davidson NC 28036

License:

135191

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

ADP Jobs Much Higher Than Expected. Bonds Selling, But Gently So Far

Wed, Oct 30 2024, 8:20 AM

ADP Employment
- 233k vs 115k f'cast, 143k prev

The prevailing sentiment heading into this week's payroll counts (ADP and NFP) was that the hurricane would make for artificially low numbers. ADP is here to tell us that's not the case.

Bonds were slightly stronger overnight but are quickly up several bps with 10s now inching into negative territory at 4.254. MBS are down 3 ticks (.09).

More MBS and Treasury Markets

MBS Recap:

Will Jobs Report Finally Get Bond Market's Attention? - Thu, 8:52 PM

MBS Morning:

Once Again, Bonds Hangin' Tough Without Much Focus on Data - Thu, 4:16 PM

MBS Alert:

MBS Down Nearly a Quarter Point From Highs - Thu, 2:01 PM

MBS Update:

Mixed Reaction to Slightly Stronger Data - Thu, 12:38 PM

MBS Recap:

Decent Showing in Light of Stronger Data - Wed, 8:35 PM

Brad Roche

The Mortgage Planner

Element Home Loans

P: (704) 728-0191

M: (704) 929-7718

www.TheMortgagePlanner.com

400 North Harbor Place
Suite G & H
Davidson NC 28036

License:

135191

Ask Me a Question

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