MBS Update: Much Stronger After CPI Comes in Soft

Jason R. Richardson

Regional Branch Manager

City First Mortgage

P: (800) 475-6255

M: (661) 857-2202

E: jason@city1st.com

RichardsonLending.com

750 S Main Street
Bountiful UT 84010

License:

NMLS #256859

Licensed in AL, CA, CO, HI, NC, NV, OH, TX, TN

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Much Stronger After CPI Comes in Soft

5 Hours, 14 Min ago

Monthly Core CPI
- 0.2 vs 0.2 f'cast, 0.3 prev
- unrounded: 0.225 vs 0.240
Annual Core CPI
- 3.2 vs 3.3 f'cast, 3.3 prev

Bonds were already in stronger territory to start the day, but we're seeing additional improvements in the wake of the data. MBS are up 3/8ths and 10yr yields are down almost 10bps at 4.708. More detailed analysis will follow in the AM commentary.

More MBS and Treasury Markets

MBS Morning:

If You Needed Proof That Inflation Data is Back in Fashion... - Today, 3:37 PM

MBS Recap:

Broad, Negative Momentum is Masking Normal Market Movers - Tue, 9:45 PM

MBS Morning:

Why Isn't PPI Helping Bonds This Morning? - Tue, 5:02 PM

MBS Update:

Moderate Gains After Sharply Lower PPI - Tue, 1:35 PM

MBS Recap:

Bonds Calmed Down After Early Weakness - Mon, 9:39 PM

Jason R. Richardson

Regional Branch Manager

City First Mortgage

P: (800) 475-6255

M: (661) 857-2202

E: jason@city1st.com

RichardsonLending.com

750 S Main Street
Bountiful UT 84010

License:

NMLS #256859

Licensed in AL, CA, CO, HI, NC, NV, OH, TX, TN

Ask Me a Question

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The interest rate data provided in this newsletter are national averages from independent data sources. Rate/APR terms may differ from those listed above based on the creditworthiness of the borrower. All information provided "as is" for informational purposes only, not intended for trading purposes or financial advice.

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.