|This email was sent to you by:|
Harry Chriest |
Mortgage News Daily
Email alerts, such as this one, are a free service
provided by Mortgage News Daily. If you would like to receive an alert when important news breaks
please register to join our community
Nonfarm Payrolls 288k vs 210k Forecast; Bonds Tanking
Posted to: Micro News
Friday, May 02, 2014 8:34 AM
- April NFP 288k vs 210k forecast
- March revised to 203k from 192, Feb revised to 222k from 197
- Private Payrolls 273k vs 210k forecast
- Unemployment Rate 6.3 pct, lowest since Sept 2008, 6.7pct forecast/previous
As you might expect, this number is not good for bond markets, and so the range is likely to persist. 10yr yields shot immediately from 2.62 to 2.68--which is actually not that big of a move considering the data. Fannie 4.0 MBS lost an immediate 3/8ths of a point and are currently down 13/32nds on the day at 104-18.
More to follow as the market trades this out.
More from MND:
If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.