MBS Alert: Huge Jump in PPI Hurting Bonds

Faramarz Moeen-Ziai

VP, Mortgage Advisor

CrossCountry Mortgage, LLC

M: (415) 377-1147

www.fmzteam.com

2987 College Avenue
Berkeley CA 97405

License:

342090

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Huge Jump in PPI Hurting Bonds

Thu, Aug 14 2025, 8:34 AM

Core PPI
- 0.9 vs 0.2 f'cast, 0.0 prev
Annual Core PPI
- 3.7 vs 2.9 f'cast, 2.6 prev

This is an exceptionally large miss for inflation data and while PPI is not the same caliber of market mover as CPI, it's instantly causing problems for bonds. 10yr yields were down several bps on the day, but are now up half a bp at 4.246. MBS are back to unchanged after starting out an eighth of a point higher.

More MBS and Treasury Markets

MBS Recap:

Bonds Hold The Range Despite More Data-Driven Volatility - Today, 6:27 PM

MBS Alert:

Additional Weakness. Some Negative Reprice Risk - Today, 3:37 PM

MBS Morning:

Producer Prices Surge, Complicating The Rate Cut Outlook - Today, 2:58 PM

MBS Recap:

Data-Free Rally Day - Wed, 8:19 PM

MBS Morning:

Follow-Through Rally as Fed Rate Cut Expectations Increase - Wed, 1:40 PM

Faramarz Moeen-Ziai

VP, Mortgage Advisor

CrossCountry Mortgage, LLC

M: (415) 377-1147

www.fmzteam.com

2987 College Avenue
Berkeley CA 97405

License:

342090

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