What’s up in Mortgage Today – 7.31.23
MBS up 9 bps on the day. Stocks up about 12. The week ahead will be dominated by the jobs report on Friday. We will also get ISM data and productivity. The Street [...]
MBS up 9 bps on the day. Stocks up about 12. The week ahead will be dominated by the jobs report on Friday. We will also get ISM data and productivity. The Street [...]
MBS up 23 bps on the morning With ECI being a report that Powell increasingly mentions by name and PCE being the Fed's go-to big picture inflation index, there was at least something [...]
The bond market faces challenges due to excessive economic growth. Gross domestic product rose higher than expected at 2.4% in Q2. Consumption and corporate spending contributed, while residential construction hindered GDP growth. Inventory [...]
Reading Notes For: BUY THE BOOK! Pathos Pathos is the ability to reach someone else via a story, humor, or any appeal that moves that individual to connect emotionally. It's [...]
MBS are down 20 bps on the morning. Though mostly due to illiquidity. Stocks flat. Bonds began the overnight session by losing ground in Asia. 10yr yields were as high as 3.857. Things [...]
MBS are up 14 bps this morning. Stocks up 12.67 It's a summertime Friday in the bond market, so anything can happen. Bonds could undertake a huge rally or sell-off without any clear [...]
MBS down 45 bps on the day. Stocks down 11.3 points as well. A lose-lose Bonds were already several bps into negative territory to start the day but are adding to the losses [...]
Key Takeaways People live out all of the potential downsides in the mere reflection of what other people will think about them in the future, should they fail Shame only exists in the shadows; identify when [...]