April 10th, 2026 8:42 AM by Richard Sardella MLO.100007700/NMLS 233568
March CPI (consumer price index) at 8:30 am ET was slightly less than estimates; overall month/month +0.9% as expected, year/year +3.3%, the highest since May 2024, against estimates of 3.4%; core CPI, ex food and energy, month/month +0.2% with forecasts of +0.3%, year/year +2.6%, estimates +2.7%.
Yesterday markets got February PCE inflation data. Inflation based on that data didn’t increase much as it was prior to the beginning of the Iran conflict. The March data is data during the start of hostilities and also didn’t increase that much.
At 10 am the mid-month University of Michigan consumer sentiment index, expected at 52.0 from 53.3 at the end of March. The consumer sentiment index plummeted to 50.8 in April (preliminary), marking a 10.9% drop from March and the lowest level since June 2022. Driven by spiking inflation fears, the index marked a 34.2% year-over-year decline, reflecting severe anxiety over rising prices and reduced purchasing power, creating the second-lowest reading in the survey's history.
PRICES @ 10:00 AM
10 year note: 4.31% +2 bp
5 year note: 3.93% +3 bp
2 year note: 3.80% +3 bp
30 year bond: 4.91% +2 bp
30 year FNMA 5.5: @9:30 am 100.85 +3 bp (+11 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 102.19 +4 bp (+2 bp from 9:30 am yesterday)
30 year GNMA 5.5: @9:30 am 100.92 +1 bp (+1 bp from 9:30 am yesterday)
Dollar/Yen: 159.12 +0.15 yen
Dollar/Euro: $1.1730 +$0.0031
Dollar Index: 98.63 -0.19
Gold: $4,793.50-$24.50
Bitcoin: 71,965 -163
Crude Oil: $98.56 +$0.69
DJIA: 48,006 -179
NASDAQ: 22,943 +122
S&P 500: 6832 +7
Richard Sardella has been actively managing and providing services in the mortgage industry for over 30 years. Richard serves on the board of directors as President of Colorado Home Mortgages Inc.
All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.
MLO of record MLO.100007700 / NMLS#233568 / CHM NMLS#127716.