MBS Alert: Selling Off After ISM Data

Glenn Lodwig

U.S. Capital Real Estate Loans & Services, Inc.

P: (719) 590-6055

M: (719) 896-0527

www.loanmetro.com

1155 Kelly Johnson Blvd. Suite 111
Colorado Springs Colorado 80920

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Selling Off After ISM Data

3 Hours, 3 Min ago

ISM Manufacturing Employment (Jan)
- 48.1 vs -- f'cast, 44.9 prev
ISM Manufacturing PMI (Jan)
- 52.6 vs 48.5 f'cast, 47.9 prev
ISM Mfg Prices Paid (Jan)
- 59.0 vs 60.5 f'cast, 58.5 prev

Big uptick in employment index and big beat in the headline... ISM Manufacturing doesn't tend to hit as hard as ISM Services, but for this much of a beat, the bond market will make an exception.

MBS are quickly down nearly a quarter point and 10yr yields are up 4.6bps at 3.834.

Lenders who were already out with rates are at risk of negative reprices.

More MBS and Treasury Markets

MBS Morning:

Big Beat in ISM Manufacturing. Bonds Aren't Thrilled - Today, 3:19 PM

MBS Recap:

Volatility Eludes Bonds - Fri, January 30, 9:36 PM

MBS Morning:

Why Don't Bonds Care About The Massive Miss in PPI? - Fri, January 30, 3:03 PM

MBS Alert:

PPI MUCH Higher Than Expected. Limited Selling So Far - Fri, January 30, 1:35 PM

MBS Recap:

Bonds End Up Little-Changed. Other Markets May Have Helped - Thu, January 29, 9:37 PM

Glenn Lodwig

U.S. Capital Real Estate Loans & Services, Inc.

P: (719) 590-6055

M: (719) 896-0527

www.loanmetro.com

1155 Kelly Johnson Blvd. Suite 111
Colorado Springs Colorado 80920

Home | Weekly Newsletter | Mortgage Calculators | Library | Econ Calendar

Mortgage Calculators | Weekly Newsletter

Reproduction or redistribution of the contents of this newsletter, outside of the distribution services provided, either in whole or in part, is prohibited without prior written permission of the MBS Live, Inc.

The interest rate data provided in this newsletter are national averages from independent data sources. Rate/APR terms may differ from those listed above based on the creditworthiness of the borrower. All information provided "as is" for informational purposes only, not intended for trading purposes or financial advice.

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.