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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Section 203 of the Protecting Americans from Tax Hikes (PATH) Act of 2015, Pub.L.114-113, div. Q, enacted on December 18, 2015, modified section 6109 of the Internal Revenue Code, and in so doing, made significant changes to the Individual Taxpayer Identification Number (ITIN) program. Q1: When can I renew my ITIN? A1: If your ITIN has
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is down -18 BPS with 60 minutes left to trade. Domestic Flavor: Jobs, Jobs, Jobs: December Challenger Job Cuts dropped significantly from 77K down to 44K. The December ADP Employment Change was much stronger than expected, 235K vs. est. of 150K and a
READ MOREHiring by U.S. companies picked up steam in December, a sign the jobs market remains healthy even in the face of steep Federal Reserve interest rate hikes, according to the ADP National Employment Report released Thursday morning. Companies added 235,000 jobs last month, easily beating the 150,000 gain that economists surveyed by Refinitiv had predicted.
READ MOREFederal Reserve officials reaffirmed their commitment to fighting inflation at their December meeting and indicated that interest rates could remain elevated for “some time” until there is clear evidence that consumer prices are falling. Minutes from the U.S. central bank’s Dec. 13-14 meeting released on Wednesday showed that policymakers are intent on wrestling inflation closer
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is up +30 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The November Job Openings and Labor TurnOver Survey (JOLTS) showed 10.458M unfilled jobs vs. est. of 10.0M and October was revised higher to 10.512M. The key take-a-way here is that
READ MORERead More… U.S. manfacturing sector contracts for second straight month in December – ISM
READ MOREThree Things: These are the three areas that have the greatest ability to impact your backend pricing this week. 1) Geopolitical, 2) Jobs, Jobs, Jobs and 3) The Talking Fed 1) Jobs, Jobs, Jobs: We have Big Jobs Friday this week with Non Farm Payrolls, the Unemployment Rate and most importantly, Average Hourly Earnings. Throughout
READ MORERosie the Riveter: The December Chicago PMI hit 44.9 vs. est. of 41.2. While this is still very much in contractionary territory, its a big move upward from Novembers reading of 37.2 Intra-Day Lock Status Video: ***The bond market will close EARLY today at 2 pm ET and will not reopen until Tuesday***In today’s video
READ MORESpeaking to reporters in September, Fed Chair Jerome Powell made it clear that going forward the U.S. housing market would get “reset” by a “difficult correction.” “Houses were going up at an unsustainable fast level. So the deceleration in housing prices that we’re seeing should help to bring prices more closely in line with rents
READ MOREMBS OVERVIEW 3:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is down -11 BPS with 120 minutes left to trade. The Talking Fed: Fed Chair Powell spoke about the independent role of Central Banks today at 9 am but did not address Fed economic policy, rates, etc. Optimism? The December NFIB Small Business
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