MBS Alert: Inflation Much Higher Than Expected. Bonds Tanking

Justin Stearns

Mortgage Broker

Assist Home Loans

P: (805) 475-4900

M: (805) 757-0544

E: justin@assisthomeloans.com

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MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Inflation Much Higher Than Expected. Bonds Tanking

Wed, Feb 12 2025, 8:34 AM

Core Monthly CPI
- 0.4 vs 0.3 f'cast, 0.2 prev
- unrounded, 0.446
Core annual CPI
- 3.3 vs 3.1 f'cast, 3.2 prev

A 0.2% "miss" in annual CPI is quite large and it is thus no surprise to see bonds moving quickly into weaker territory. The 0.446 unrounded monthly core is eye-wateringly high.

MBS are instantly down more than a quarter of a point and dropping. 10yr yields are instantly up 9.2 bps at 4.619.

More MBS and Treasury Markets

MBS Morning:

Decent Start Despite Higher Annual Producer Prices - Today, 2:07 PM

MBS Recap:

CPI Came in HOT and Bonds Reacted Logically - Wed, 9:50 PM

MBS Morning:

Bonds Obliterated (Relatively) by Sharply Higher Inflation - Wed, 4:25 PM

MBS Recap:

What to Expect From Wednesday's Inflation Data - Tue, 8:59 PM

MBS Morning:

Bonds Retreat to Recent Range Ahead of Auctions, Powell, CPI - Tue, 4:10 PM

Justin Stearns

Mortgage Broker

Assist Home Loans

P: (805) 475-4900

M: (805) 757-0544

E: justin@assisthomeloans.com

www.assisthomeloans.com

Get a Quote

Apply Now

Mortgage Calculators

License:

NMLS 258870

Ask Me a Question

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