MBS Update: Moderate Gains After Sharply Lower PPI

Paul Gowen

Broker/Owner

Willamette Falls Financial

P: (503) 922-1499

M: (503) 381-0736

www.willamettefallsfinancial.com

4800 Meadows Rd
Suite 300
Lake Oswego OR 97035

License:

272830

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Moderate Gains After Sharply Lower PPI

Tue, Jan 14 2025, 8:35 AM

Core PPI M/M
- 0.0 vs 0.3 f'cast, 0.2 prev
Core PPI Y/Y
- 3.5 vs 3.8 f'cast, 3.5 prev

The Producer Price Index came in much lower than expected at the core level and slightly lower at the headline level as well. PPI is an inferior market mover relative to tomorrow's CPI, but a big departure from the forecast is worth a bit of a reaction.

MBS are up 2 ticks (.06) and 10yr yields are down about 1bp at 4.775. Both have already dialed back a bit from their initial rally reactions.

More MBS and Treasury Markets

MBS Recap:

Broad, Negative Momentum is Masking Normal Market Movers - Tue, 9:45 PM

MBS Morning:

Why Isn't PPI Helping Bonds This Morning? - Tue, 5:02 PM

MBS Recap:

Bonds Calmed Down After Early Weakness - Mon, 9:39 PM

MBS Alert:

MBS Down an Eighth of a Point - Mon, 4:21 PM

MBS Morning:

Quiet Monday For Data. Bonds Staying on Defense Ahead of Inflation Reports - Mon, 3:36 PM

Paul Gowen

Broker/Owner

Willamette Falls Financial

P: (503) 922-1499

M: (503) 381-0736

www.willamettefallsfinancial.com

4800 Meadows Rd
Suite 300
Lake Oswego OR 97035

License:

272830

Ask Me a Question

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