MBS Update: Losing Some Ground After ISM Data

Michael Levine

Senior Loan Officer

CrossCountry Mortgage

M: 914-391-1183

2900 Westchester Ave.
#202
Purchase NY 10577-____

License:

307827

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Losing Some Ground After ISM Data

Fri, Jan 3 2025, 10:07 AM

ISM Manufacturing
- 49.3 vs 48.4 f'cast, 48.4 prev
ISM Prices
- 52.5 vs 51.7 f'cast, 48.4 prev

The ISM Manufacturing data wasn't too far from forecasts, but this week's previous PMI reports may have fueled expectations for something a bit weaker. The modest beat in both the headline and the "prices paid" component is worth a bit of selling pressure, but nothing too severe for now.

MBS are now unchanged on the day and 10yr yields are up 1bp at 4.573. This is less than an eighth of a point off the highs of the day for MBS.

More MBS and Treasury Markets

MBS Recap:

Holidays Came and Went Without any Bond Market Fanfare - Fri, January 3, 10:29 PM

MBS Alert:

Treading Water at Weakest Levels - Fri, January 3, 7:28 PM

MBS Morning:

Decent Data Keeping Bonds in Check - Fri, January 3, 5:23 PM

MBS Recap:

Uneventful Start to 2025 - Thu, January 2, 9:38 PM

MBS Alert:

MBS Down More Than an Eighth From Most Recent High - Thu, January 2, 4:21 PM

Michael Levine

Senior Loan Officer

CrossCountry Mortgage

M: 914-391-1183

2900 Westchester Ave.
#202
Purchase NY 10577-____

License:

307827

Ask Me a Question

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