MBS Alert: Bonds Selling Off After Stronger NFP

Joshua Daniel

President

NAV Home Loans

P: (303) 929-0578

M: (303) 929-0578

3425 S Inca St
C 135
Englewood Colorado 80110

License:

2708570

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Bonds Selling Off After Stronger NFP

Thu, Jul 3 2025, 8:33 AM

Nonfarm Payrolls
- 147k vs 110k f'cast, 139k prev
Unemployment rate
- 4.1 vs 4.3 f'cast, 4.2 prev

Despite almost every other employment report (or employment component of certain reports) indicating a weaker jobs report this month, here we are with a moderately higher number and a much lower unemployment rate.

Bonds are unhappy with 10yr yields instantly up 7+bps at 4.355. MBS are down nearly 3/8ths of a point.

More MBS and Treasury Markets

MBS Recap:

Big Market Reaction but Mortgages Outperform - Thu, 7:25 PM

MBS Morning:

Jobs Report Comes in Stronger. Bonds React Logically - Thu, 2:23 PM

MBS Recap:

Bonds Circle The Wagons Ahead of High Risk NFP - Wed, 7:43 PM

MBS Morning:

Bonds Think About Rallying on ADP Data, But Already Getting Cold Feet - Wed, 1:54 PM

MBS Update:

Bonds Erasing Overnight Losses After Sharply Weaker ADP - Wed, 12:23 PM

Joshua Daniel

President

NAV Home Loans

P: (303) 929-0578

M: (303) 929-0578

3425 S Inca St
C 135
Englewood Colorado 80110

License:

2708570

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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.