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Powell Testimony And Treasury Auction Cycle. The new week is one day less new today, but no less sideways so far. Yields rose microscopically in the overnight session, but even that is a generous assessment considering the range in the 10yr was less than 3bps. Domestic hours are off to a sleepy start with yields in an... More here - https://www.mortgagenewsdaily.com/markets/mbs-morning-07092024

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Big Week For Econ Data. The "data dependent" waiting game is nothing new, even if there have been some changes in how the market has interpreted data. Specifically, the days of relying on CPI as the month's one and only big ticket market mover are over. Traders and the Fed already know that month-over-month inflation... More here - https://www.mortgagenewsdaily.com/markets/mbs-morning-08282023

Mortgage Rates Drop Modestly to Start The New Year. The bond market (which determines mortgage rates) has officially endured the frustratingly unique holiday trading environment that often creates undue volatility in the 2nd half of December. This time around, it pushed rates higher without any obvious justification, so dare we say it makes better sense to see a bit... More here -

Mortgage Rates Drop Modestly to Start The New Year The bond market (which determines mortgage rates) has officially endured the frustratingly unique holiday trading environment that often creates undue volatility in the 2nd half of December.  This time around, it pushed rates higher without any obvious justification, so dare we say it makes...

Wall Street regains footing after Powell calms inflation jitters. Wall Street's main indexes gained ground on Wednesday as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments soothed inflation worries....(read more)Forward this article via email: Send a copy of this story to someone you know that may want to... More here -

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