MBS Alert: Hotter Data. Bonds Selling

Steven Fishman

President

Buckeye Lending Solutions, Inc.

P: (239) 980-7588

M: (440) 773-9941

Buckeyelends.com

9990 Coconut Rd # 257
Bonita Springs Ohio / Florida 34135

License:

Company NMLS#1838265 LO NMLS#9362 OH LO.012547.001

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Hotter Data. Bonds Selling

Tue, Jan 7 2025, 10:03 AM

Job Openings
- 8.098m vs 7.7m f'cast, 7.839m f'cast
ISM Services
- 54.1 vs 53.3 f'cast, 52.1 prev
ISM Services Prices
- 64.4 vs 57.5 f'cast, 58.2 prev

There's nothing good for bonds in any of this morning's data except, perhaps, for the "quits" component of the JOLTS data, which came in a bit lower than last time (lower quits connotes some labor market slack).

Bonds are selling with 10yr yields up 4.2bps at 4.673 and MBS down a quick quarter of a point. Both were only modestly weaker so far this morning.

More MBS and Treasury Markets

MBS Recap:

Some Volatility But Broadly Sideways - Today, 8:29 PM

MBS Morning:

No Whammies in AM Data, Fairly Friendly Fed Comments - Today, 2:58 PM

MBS Recap:

Orderly Move to Highest Yields in 8 Months - Tue, 9:21 PM

MBS Morning:

Bonds on The Run After Data - Tue, 4:54 PM

MBS Recap:

Small Scale Volatility as Bonds Wait For Jobs Report - Mon, 9:12 PM

Steven Fishman

President

Buckeye Lending Solutions, Inc.

P: (239) 980-7588

M: (440) 773-9941

Buckeyelends.com

9990 Coconut Rd # 257
Bonita Springs Ohio / Florida 34135

License:

Company NMLS#1838265 LO NMLS#9362 OH LO.012547.001

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.