MBS Update: Modestly Stronger After First Round of Data

Matthew M. Loan

Senior Loan Officer

Mortgage Company, LLC.

P: (704) 867-5309

M: (980) 867-5309

mbslive.net

1050 W. Main St.
Suite 104-A
Charlotte NC 28031

License:

NMLS: #987654321

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MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Modestly Stronger After First Round of Data

8 Hours, 23 Min ago

ADP Employment
- 150k vs 160k f'cast, 157k prev
Jobless Claims
- 238k vs 235k f'cast, 234k prev
Challenger Job Cuts
- 48.7k vs 63.8k prev

Bonds were essentially flat in the overnight session with a very narrow range in both Asia and Europe. There was no major reaction to the earlier employment reports (Challenger at 730am and ADP at 815am), but a modest rally after another elevated reading in Jobless Claims (8:30am).

10yr yields are down 2.6bps at 4.406 and MBS are up 1 tick (.03).

The day's biggest potential market mover remains the 10am release of ISM Services data.

More MBS and Treasury Markets

MBS Recap:

Data Over Politics, For Now - Today, 6:18 PM

MBS Morning:

Weaker Data, Stronger Bonds, Early Close - Today, 3:42 PM

MBS Update:

Additional Gains After ISM Data - Today, 2:08 PM

MBS Recap:

Ultimately a Very Drama-Free Day; Back to Watching Data - Tue, 9:00 PM

MBS Morning:

Bond Selling Spree Thinking About Taking a Day Off - Tue, 3:37 PM

Matthew M. Loan

Senior Loan Officer

Mortgage Company, LLC.

P: (704) 867-5309

M: (980) 867-5309

mbslive.net

1050 W. Main St.
Suite 104-A
Charlotte NC 28031

License:

NMLS: #987654321

Ask Me a Question

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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.