Posted To: MBS Commentary

Highest Yields in Months. Could Jobs Report Make it Worse? After a somewhat hopeful bounce in yesterday's trading session, and a decent overnight session, Thursday ended up being a bad day. With the jobs report on deck tomorrow, could things get even worse? That's always a possibility, but it wouldn't necessarily have to do with whether or not the jobs report is stronger or weaker than expected. Either way, and no matter what happens tomorrow, the path of least resistance is clearly toward higher rates. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Jobless Claims 326k vs 348k f'cast, 364k prev Market Movement Recap 08:40 AM Decent overnight session with bonds making it to US hours unchanged. Weaker since then. Data not helping. 10yr up 1.4bps to 1.542. MBS down nearly…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: Mortgage News Daily