• May 11, 2023
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MBS OVERVIEW 4:30 EST – Our benchmark FNMA MBS 6.00 June Coupon is up +23 BPS with 30 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were higher than expected, 264K vs. est. of 245K. The more closely watched 4 week moving average increased to 245,250. Continuing Claims remained above the important

• May 10, 2023
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Inflation rose again in April despite an aggressive interest-rate hike campaign by the Federal Reserve, indicating that strong underlying price pressures are still bubbling beneath the surface of the economy – and continuing to burden millions of Americans. The Labor Department said Wednesday that the consumer price index, a broad measure of the price for

• May 10, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +24 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications increased by a healthy 6.3%. Purchases were up 4.8% and Refinances were up 10.0% Inflation Nation: Overall, the April Consumer Price Index data was inline

• May 9, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -4 BPS with 60 minutes left to trade. Domestic Flavor: We had a very light day for economic data (again). The Talking Fed: NY Fed President John Willams spoke at the Economic Club of New York that “We haven’t said we

• May 8, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -12 BPS with 60 minutes left to trade. Domestic Flavor: We had a very light day for economic data. Inflation Nation: The NY Fed published the results of its April Survey of Consumer Expectations, which found that while inflation expectations at

• May 5, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -9 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: It’s Big Jobs Friday! You can read the official BLS release here. Here is the Tale of the Tape: Jobs: April Non Farm Payrolls (NFP) were 253K vs. est. of

• May 4, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -14 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The April Challenger Job Cuts showed 66,995 corporate announced cuts vs. March’s pace of 89,703. Initial Weekly Jobless Claims were inline with estimates, 242K vs. 240K. The more closely watched

• May 3, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +20 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The April ADP Employment Change was much better than expected showing 296K job additions vs. est. of only 148K Taking it to the House: Weekly Mortgage Applications edged lower by

• May 2, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is up +40 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: March Job Openings and Labor Turnover Survey (JOLTS) showed 9.590M unfilled jobs which was lower than expectations of 9.775M. The Quits rate was 2.5%. Overall, a solid report but lower

• May 1, 2023
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MBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 May Coupon is down -28 BPS with 60 minutes left to trade. Rosie the Riveter: The April ISM Manufacturing PMI continues to show manufacturing contraction with readings below 50, this time 47.1 but that a lil better than expectations of 45.5. Prices Paid jumped up