MBS Update: First Move After NFP is Stronger

Heather Woods

Branch Manager- Broker- Loan Originator

The Woods Mortgage Team- Powered By My Community Mortgage

M: (210) 392-8299

E: heatherwoods@mychomeloans.com

www.WoodsMortgageTeam.com

Humble TX 77346

License:

833399

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

First Move After NFP is Stronger

4 Hours, 26 Min ago

Nonfarm Payrolls
- 22k vs 75k f'cast, 79k prev
Unemployment Rate
- 4.3 vs 4.3 f'cast, 4.2 prev

The results speak for themselves. And while 22k vs 75k is not actually a large miss by NFP standards, it's big enough to set a positive tone for this morning.

10yr yields are down 3.6bps at 4.12 and MBS are up a quick eighth of a point. Be aware, that with unemployment coming in "as-expected," today might not result in the size of rally you might expect based on the job count.

More MBS and Treasury Markets

A Quick Note on Why Rates Seem to Drop More Quickly as They Approach Certain Thresholds - Today, 4:32 PM

MBS Morning:

Another Weak Jobs Report. Another Bond Rally - Today, 1:07 PM

MBS Recap:

Bonds Positioning For Weaker Jobs Report? - Thu, 7:54 PM

MBS Morning:

Mixed Data. Mixed Reaction - Thu, 2:32 PM

MBS Recap:

Straightforward Data-Driven Rally - Wed, 8:21 PM

Heather Woods

Branch Manager- Broker- Loan Originator

The Woods Mortgage Team- Powered By My Community Mortgage

M: (210) 392-8299

E: heatherwoods@mychomeloans.com

www.WoodsMortgageTeam.com

Humble TX 77346

License:

833399

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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.