MBS Update: Giving up Some Early Gains After JOLTS Data

Mike Hardy

Mortgage Advisor

Fairview Mortgage Capital, Inc.

M: (562) 370-0544

mortgagemike562.com

29000 S. Western Ave.
Suite 210
Rancho Palos Verdes CA 90275

License:

NMLS #1175689

DRE #01326046

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Giving up Some Early Gains After JOLTS Data

Tue, Dec 3 2024, 10:11 AM

Job Openings
- 7.744m vs 7.480m f'cast, 7.372 prev
Job Quits
- 3.326m vs 3.071m prev

Bonds like it when job openings and job "quits" are falling (or coming in much lower than expected). They did the opposite today and bonds don't like it. Thankfully, this isn't a huge beat in the data and consequently not a huge move for bonds. MBS are down about 2 ticks (.06) since the data came out and merely back to 'unchanged' on the day.

10yr yields are still down half a bp on the day at 4.189, but up about 2bps from AM lows.

More MBS and Treasury Markets

MBS Morning:

Friendly Data Helping Erase Overnight Weakness - Today, 5:00 PM

MBS Update:

Stronger Gains After Weaker ISM Data - Today, 3:03 PM

MBS Update:

ADP Employment Right in Line With Forecast - Today, 1:18 PM

MBS Recap:

Friendly Fed Comments No Match For The Range - Tue, 8:53 PM

MBS Alert:

Weakest Levels of The Day - Tue, 4:04 PM

Mike Hardy

Mortgage Advisor

Fairview Mortgage Capital, Inc.

M: (562) 370-0544

mortgagemike562.com

29000 S. Western Ave.
Suite 210
Rancho Palos Verdes CA 90275

License:

NMLS #1175689

DRE #01326046

Ask Me a Question

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