MBS Alert: Selling Off After Hotter CPI

Mike Hardy

Broker | Owner

True North Lending

M: (562) 370-0544

E: mike@truenorthlender.com

www.TrueNorthLender.com

6621 E. Pacific Coast Highway Suite 155
Long Beach CA 90803

License:

NMLS #1175689

DRE #01326046

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Selling Off After Hotter CPI

5 Hours, 27 Min ago

Core CPI
- 0.335% vs 0.2 f'cast
Headline CPI
- 0.6 vs 0.6 f'cast

Not only was core CPI above forecast, but the unrounded number was pretty close to being rounded to 0.4 instead of 0.3.

Fed Funds Futures have rapidly priced in an additional hike.

MBS are down a quick 3/8ths and 10yr yields are up 5.6bps at 5.275.

More MBS and Treasury Markets

MBS Morning:

CPI Puts a Floor Under Recent Rate Rally - Today, 1:48 PM

MBS Recap:

Light Volatility and Modest Gains Ahead of CPI - Tue, 6:53 PM

MBS Morning:

Stronger Start. It's Complicated - Tue, 1:57 PM

MBS Recap:

Another Nice Round Trip For Bonds--Especially MBS - Fri, October 9, 8:38 PM

MBS Update:

Decent Little Recovery - Fri, October 9, 4:56 PM

Mike Hardy

Broker | Owner

True North Lending

M: (562) 370-0544

E: mike@truenorthlender.com

www.TrueNorthLender.com

6621 E. Pacific Coast Highway Suite 155
Long Beach CA 90803

License:

NMLS #1175689

DRE #01326046

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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.