Posted To: MBS Commentary

This week is relatively limited in terms of economic data. We will get our first look at big home sales reports for March (both "New" and "Existing"), but those numbers are largely driven by activity that took place before much of the nation was on lockdown. Friday's Durable Goods report would typically be the biggest ticket–and it could certainly have an impact–but Thursday's Jobless Claims data will continue to be the most timely economic indicator for now. Bonds are starting out the week locked in the range that's been intact for several weeks with a floor of .57% and a ceiling of .78%. The past 3 days haven't seen 10yr yields use much of that range and they've generally favored the lower boundary. This morning's strength is being chalked up…(read more)

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Source: Mortgage News Daily