As intimated in the last alert, we have those little...

For those of you in the field today and not witnessing...

Same story... a few more pages in now... Fannie 3.0...

A few smaller lenders are just out with negative reprices...

Post ISM data, and possibly with a slight ear bent...

- Headline PMI up to 53.1 vs 50.6 Consensus
- New Orders 53.3 vs 49.7 Previously
- Employment Index 54.0 vs 51.9 Previously
- Reaction: this has served as a counterpoint to the NFP rally, albeit a smaller one. MBS are 5 ticks off highs, still up 12 ticks on the day at 103-20

The PMI registered 53.1 percent, an increase of 2.9 percentage points from December's seasonally adjusted reading of 50.2 percent, indicating expansion in manufacturing for the second consecutive month. The New Orders Index registered 53.3 percent, an increase of 3.6 percent over December's seasonally adjusted reading of 49.7 percent, indicating growth in new orders. Manufacturing is starting out the year on a positive note, with all five of the PMI's component indexes — new orders, production, employment, supplier deliveries and inventories — registering above 50 percent in January.

Treasuries traded in slightly weaker territory overnight...

- NFP 157k vs 160k Consensus
- Private Payrolls +166 vs +165 Consensus
- U/E 7.9 vs 7.8 Consensus
- Revisions: DEC from 155 to 196k, NOV from 151 to 247k - Reaction has been choppy, mostly in the Green, but recently back toward unchanged (possibly revision digestion, or indigestion for bond markets). This leaves some room for the rest of the day's data to have an impact.

Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Retail trade, construction, health care, and wholesale trade added jobs over the month.

As intimated in the last alert, we have those little...

For those of you in the field today and not witnessing...

Same story... a few more pages in now... Fannie 3.0...

A few smaller lenders are just out with negative reprices...

Post ISM data, and possibly with a slight ear bent...

- Headline PMI up to 53.1 vs 50.6 Consensus
- New Orders 53.3 vs 49.7 Previously
- Employment Index 54.0 vs 51.9 Previously
- Reaction: this has served as a counterpoint to the NFP rally, albeit a smaller one. MBS are 5 ticks off highs, still up 12 ticks on the day at 103-20

The PMI registered 53.1 percent, an increase of 2.9 percentage points from December's seasonally adjusted reading of 50.2 percent, indicating expansion in manufacturing for the second consecutive month. The New Orders Index registered 53.3 percent, an increase of 3.6 percent over December's seasonally adjusted reading of 49.7 percent, indicating growth in new orders. Manufacturing is starting out the year on a positive note, with all five of the PMI's component indexes — new orders, production, employment, supplier deliveries and inventories — registering above 50 percent in January.

Treasuries traded in slightly weaker territory overnight...

- NFP 157k vs 160k Consensus
- Private Payrolls +166 vs +165 Consensus
- U/E 7.9 vs 7.8 Consensus
- Revisions: DEC from 155 to 196k, NOV from 151 to 247k - Reaction has been choppy, mostly in the Green, but recently back toward unchanged (possibly revision digestion, or indigestion for bond markets). This leaves some room for the rest of the day's data to have an impact.

Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Retail trade, construction, health care, and wholesale trade added jobs over the month.

- Headline PMI up to 53.1 vs 50.6 Consensus
- New Orders 53.3 vs 49.7 Previously
- Employment Index 54.0 vs 51.9 Previously
- Reaction: this has served as a counterpoint to the NFP rally, albeit a smaller one. MBS are 5 ticks off highs, still up 12 ticks on the day at 103-20

The PMI registered 53.1 percent, an increase of 2.9 percentage points from December's seasonally adjusted reading of 50.2 percent, indicating expansion in manufacturing for the second consecutive month. The New Orders Index registered 53.3 percent, an increase of 3.6 percent over December's seasonally adjusted reading of 49.7 percent, indicating growth in new orders. Manufacturing is starting out the year on a positive note, with all five of the PMI's component indexes — new orders, production, employment, supplier deliveries and inventories — registering above 50 percent in January.

- NFP 157k vs 160k Consensus
- Private Payrolls +166 vs +165 Consensus
- U/E 7.9 vs 7.8 Consensus
- Revisions: DEC from 155 to 196k, NOV from 151 to 247k - Reaction has been choppy, mostly in the Green, but recently back toward unchanged (possibly revision digestion, or indigestion for bond markets). This leaves some room for the rest of the day's data to have an impact.

Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Retail trade, construction, health care, and wholesale trade added jobs over the month.