CHM Blog

US treasuries overnight increased but this morning back to Friday’s levels.

Inflation on the rise, consumer sentiment lower. March CPI Friday month/month increased 0.9% as expected and up from 0.3% in February, the huge jump due to increased gasoline prices. The University of Michigan consumer sentiment index plummeted to 50.8 in April (preliminary), marking a 10.9% drop from March and the lowest level since June 2022.

At 9:30 am the DJIA opened -252 after being down 600 points in futures markets, NASDAQ -55, S&P -15. 10 year note at 9:30 am 4.32% unchanged from Friday, at its highest overnight the note increased to 4.36%. FNMA 5.5 30 year coupon at 9:30 am -1 bp from Friday’s close and -8 bps from 9:30 am Friday.

PRICES @ 10:00 AM

10 year note: 4.31% -1 bp

5 year note: 3.93% -2 bp

2 year note: 3.80% -1 bp

30 year bond: 4.91% -1 bp

30 year FNMA 5.5: @9:30 am 100.77 -1 bp (-8 bp from 9:30 am Friday)

30 year FNMA 6.0: @9:30 am 102.16 -3 bp (-3 bp from 9:30 am Friday)

30 year GNMA 5.5: @9:30 am 100.82 -5 bp (-10 bp from 9:30 am Friday)

Dollar/Yen: 159.71 +0.42 yen

Dollar/Euro: $1.1706 -$0.0019

Dollar Index: 98.87 +0.22

Gold: $4,750.10 -$37.30

Bitcoin: 71,043 -82

Crude Oil: $103.27 +$6.40

DJIA: 47,771 -146

NASDAQ: 22,950 +47

S&P 500: 6821 +4

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.

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