Broker
Grand Avenue Realty & Lending
License:
NMLS 1372327
DRE 1412977

Waiting on Details as Bonds Reinforce The Range

Waiting on Details as Bonds Reinforce The Range

It was a forgettable trading day, but at least slightly stronger for the bond market. The only notable volume and volatility surrounded the 9:30am NYSE open. Apart from that, yields were basically flat at slightly stronger levels starting around 4am ET.  Today's only meaningful order of business was to wait and see if anything came of a meeting between Trump and congressional leaders regarding the increasingly probably government shutdown. Initial reports from that meeting were not very promising at the close, but there was no market reaction.

Latest Video Analysis

Waiting on Details as Bonds Reinforce The Range

MBS & Treasury Markets
UMBS 5.0 99.29 +0.04 10YR 4.134% -0.006% 9/30/2025 2:23AM EST
Under normal circumstance, we look forward to the first Friday of any given month as the day that the jobs report takes a swing at sending the strongest signal for rates of any monthly economic report. This Friday will be no different IF we actually get the jobs report. If, on the other hand, a government shutdown is announced on Wednesday, the jobs report will be delayed and markets will be forced to wait at least several days before a delayed release. There's a notion float...   READ MORE
Today's Mortgage Rates
30YR Fixed 6.38% +0.00% 15YR Fixed 5.90% +0.00% 9/29/2025
It was an uneventful day for the bond market (and, thus, interest rates ) as investors wait for clarity on this week's potential government shutdown. It's not the shutdown itself that would notable. Rather, it would be the absence of this Friday's jobs report (published by the Federal government) as it would deprive the rate market of its brightest guiding light. In the bigger picture, after last month's jobs report helped usher rates to the lowest levels in nearly a year,...   READ MORE
Economic Calendar
Time Event Period Actual Forecast Prior
Tuesday, Sep 30
6:00AM Fed Jefferson Speech
9:00AM Jul FHFA Home Price Index m/m (%) Jul 0.1% -0.2%
9:00AM Jul FHFA Home Prices y/y (%) Jul 2.6%
9:00AM Jul CaseShiller 20 mm nsa (%) Jul 0.0%
9:00AM Jul Case Shiller Home Prices-20 y/y (% ) Jul 1.7% 2.1%
9:45AM Sep Chicago PMI Sep 43 41.5
10:00AM Sep CB Consumer Confidence (%) Sep 96 97.4
10:00AM Aug USA JOLTS Job Openings (ml) Aug 7.1M 7.181M
10:00AM Aug JOLTs Job Quits (ml) Aug 3.208M
1:30PM Fed Goolsbee Speech
7:10PM Fed Logan Speech
Wednesday, Oct 01
7:00AM Sep/26 Mortgage Market Index Sep/26 388.3
7:00AM Sep/26 MBA Refi Index Sep/26 1609.8
7:00AM Sep/26 MBA Purchase Index Sep/26 174.5
8:15AM Sep ADP jobs (k) Sep 50K 54K
9:45AM Sep S&P Global Manuf. PMI Sep 52 53.0
10:00AM Aug Construction spending (%) Aug -0.1% -0.1%
10:00AM Sep ISM Manufacturing Employment Sep 43.8
10:00AM Sep ISM Mfg Prices Paid Sep 63.8 63.7
10:00AM Sep ISM Manufacturing PMI Sep 49 48.7
10:30AM Sep/26 Crude Oil Inventory (ml) Sep/26 -0.607M
Read My Latest Newsletter
It's that time again, maybe. By this time next week, we will either be several days into another government shutdown or in the throes of volatility following the big jobs report, but it's probably one or the other. Officially known as The Employment Situation, the monthly jobs report is published by the Bureau of Labor Statistics (BLS), part of the Federal government's Department of Labor. If t... READ MORE
Broker
Grand Avenue Realty & Lending
License:
NMLS 1372327
DRE 1412977