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Calmly Holding in Super Strong Territory
Calmly Holding in Super Strong Territory
MBS may not be quite as high as they were yesterday, but in the bigger picture, today's levels are right in line with the best we've seen in more than 3 years. More importantly, mortgage rates are verifiably at the best levels in more than 3 years. There was no major volatility or any remarkable econ data. Tomorrow's calendar is similarly quiet. Stock/bond correlations broke down in the afternoon, but as bonds search for any sources of guidance, that correlation could certainly return if stocks are making bigger moves.
Calmly Holding in Super Strong Territory
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, Feb 25 | |||||
| 7:00AM | Feb/20 MBA Purchase Index | Feb/20 | 149.7 | 157.1 | |
| 7:00AM | Feb/20 MBA Refi Index | Feb/20 | 1432.9 | 1375.9 | |
| 7:00AM | Feb/20 Mortgage Market Index | Feb/20 | 340.2 | 339.0 | |
| 9:35AM | Fed Barkin Speech | ||||
| 10:30AM | Feb/20 Crude Oil Inventory (ml) | Feb/20 | 1.8M | -9.014M | |
| 11:30AM | 2-Yr Note Auction (bl) | 28 | |||
| 11:30AM | 2-Year FRN Auction (%) | 0.099% | |||
| 1:00PM | 5-Yr Note Auction (bl) | 70 | |||
| 1:20PM | Fed Musalem Speech | ||||
| Thursday, Feb 26 | |||||
| 8:30AM | Feb/14 Continued Claims (k) | Feb/14 | 1860K | 1869K | |
| 8:30AM | Feb/21 Jobless Claims (k) | Feb/21 | 215K | 206K | |
| 10:00AM | Fed Bowman Speech | ||||
| 1:00PM | 7-Yr Note Auction (bl) | 44 | |||
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