Posted
Current MBS Price and Day Over Day Change:
FN 5.5 30YR MBS = 100-11 .... +0-010 (10 ticks)
- Jobless Claims in this morning at 542,000
- Continuing Claims crested 4 mln
- 4 week moving average to 506k
- Notwithstanding a one time spike in 1992, this is the highest level since 1982
As
one might expect, the utterly crushing economic data these days tends
to stimulate a FTQ (flight to quality) bid which favors tsy's over
MBS. That's not to say that MBS are not gaining as well, just not as
fast as Tsy's.
As far as other indicators this AM:
- 10UST + 32 ticks down to nearly an All Time low yield at 3.21
- 5UST + 5 ticks to 1.99 yield
- 30UST up 78 ticks also in "all time" range at 3.78
- 1 Mo T-Bill hovering around 0.00%
- Oil down 2.82 to 50.80!
- Dow Futures Down about 100 to around 7900
Still to Come:
- Leading Indicators for October.
- Forecasts calling for a -.6 reading down from a +.3 last month. Range of the forecasts is from -1.2 to -.2
- Philly Fed Survey.
- Consensus calls for -35.0 which would be just slightly down
from October's largest ever drop to 37.5. The range is from .45.0 to
-24.8
Mortgage Bankers, Secondary Marketing Managers, and Capital Markets Desks, if you are interested in obtaining access to the same fixed income and mortgage market data we use:
.