Branch Manager- Broker- Loan Originator
TruLuxe Capital- Powered By My Community Mortgage
License:
833399

Very Strong Showing For Bonds Considering The Headwinds

Very Strong Showing For Bonds Considering The Headwinds

There were two major headwinds in play for the bond market today. Most obviously, the jobs report was very strong--something that would normally push rates logically and obviously higher. One can only run through a list of potential explanations to fit that paradoxical result (unemployment rate wasn't as far from forecasts, election impact still being weighed, tech stocks didn't bounce big, stale data if mid-October marked a shift in economic momentum) but mind you, no one would have pointed to these things as reasons for bonds to completely defy the jobs report if they had to guess at the impact ahead of time. The second headwind was the absence of additional selling in tech stocks. This one could go both ways. On on hand, the NASDAQ is higher than it was yesterday afternoon. On the other hand (and to reiterate a bullet point above) it didn't stage any sort of impressive recovery. The net effect for bonds was modest weakness although things would have been weaker were it not for mid-day news regarding Microsoft winding down a deal to rent AI cloud compute from Oracle.

Latest Video Analysis

Very Strong Showing Considering Headwinds

MBS & Treasury Markets
UMBS 6.0
100.35
+0.04 
10YR TREASURY
4.847
-0.015 
11/9/2026 2:59AM EST
This update is only relevant for clients who were already planning on locking today and who have already seen a positive reprice this afternoon. It's entirely possible that zero lenders will reprice for the worse based on current trading levels. This is just a heads-up that lenders who already repriced for the better are unlikely to improve and may stand a very small chance to worsen pricing modestly. 6.0 MBS are down 5 ticks (.16) from afternoon highs. Lenders who reprice...   READ MORE
Today's Mortgage Rates
30YR Fixed
7.17%
+0.00% 
15YR Fixed
6.83%
+0.03% 
11/6/2026
Today was an odd one for mortgage rates . Anyone who's been following the rate market for very long will tell you that the monthly jobs report is one of the most reliable source of volatility for rates. In general, when job growth is much stronger than expected, rates rise and vice versa. But in today's case, rates managed to hold perfectly flat despite the jobs report absolutely crushing expectations. Understand that no one who is offering a reason for this would have pre...   READ MORE
Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Nov 09
10:00AM Oct CB Employment Trends Index Oct 107.56
10:20AM NY Fed Bill Purchases 1 to 4 months $3.653 billion
11:00AM Oct Consumer Inflation Expectations Oct 3.9%
Tuesday, Nov 10
12:00AM Roll Date - UMBS 30YR
6:00AM Oct NFIB Business Optimism Index Oct 97.7 97.9
8:15AM ADP Employment Change Weekly 16.75K
8:30AM Oct y/y CORE CPI (%) Oct 2.8% 2.6%
8:30AM Oct m/m Headline CPI (%) Oct 0.3% 0.6%
8:30AM Oct m/m CORE CPI (%) Oct 0.2% 0.3%
8:30AM Oct y/y Headline CPI (%) Oct 3.9% 3.7%
11:00AM WASDE Report
12:00PM EIA Short-Term Energy Outlook
Branch Manager- Broker- Loan Originator
TruLuxe Capital- Powered By My Community Mortgage
License:
833399