MBS Update: Losing Some Ground as Retail Sale Control Group Comes in Higher

Gregory Richardson

EVP - Capital Markets

Primis Mortgage Company

M: (704) 651-8419

Ask Me a Question

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Losing Some Ground as Retail Sale Control Group Comes in Higher

Mon, Mar 17 2025, 8:35 AM

Retail Sales
- 0.2 vs 0.6 f'cast, -0.9 prev
Retail Sales "control group"
- 1.0 vs 0.3 f'cast

While the retail sales headline is lower than expected, the control group (excludes autos, gas, and building materials) was up sharply from last time and much higher than forecast. This is the number the market is reacting to.

Bonds were stronger overnight, but are giving up a majority of those gains now. 10yr yields are still down 1bp on the day at 4.302 and MBS are unchanged.

More MBS and Treasury Markets

MBS Recap:

Post-Fed Rally is "Nice" But Not Quite Exciting - Today, 8:21 PM

MBS Update:

CORRECTION: Not Dots. QT Tapering - Today, 6:20 PM

MBS Update:

First Move is Stronger After Fed Dots Drop for 2025 - Today, 6:03 PM

Here's What Changed in The New Fed Announcement - Today, 6:00 PM

MBS Morning:

Bring on The Dots - Today, 4:34 PM

Gregory Richardson

EVP - Capital Markets

Primis Mortgage Company

M: (704) 651-8419

Ask Me a Question

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