UMBS opened up 19 bps. ADP Employment = 140k vs 150k f'cast. [107k prev] Wage gains for job changers accelerated from 7.2% to 7.6%. Overall wage inflation was 5.1% Leisure / hospitality added [...]
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UMBS opened down 16 bps. Contracts on the S&P 500 and Nasdaq 100 traded around flat, though chipmakers — at the forefront of the recent rally — rose in premarket trading. Both US [...]
In today’s rapidly evolving mortgage landscape, UMBS opened slightly down by 3 basis points, a movement becoming all too familiar to market watchers. Meanwhile, equity markets have adopted a more cautious stance, despite [...]
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UMBS up 2 bps on the open. Q4 GDP (revision) = 3.2 vs 3.3 f'cast GDP PCE Price Index = 2.1 vs 2.0 f'cast Wholesale Inventories = -09.1 vs 0.1 f'cast, 0.4 prev [...]
