March 3rd, 2026 11:07 AM by Richard Sardella MLO.100007700/NMLS 233568
Yesterday the key stock indexes began the day under strong pressure, the DJIA -500 points but by days end the indexes not much changed, early this morning the DJIA down over 700 points.
Inflation outlooks are increasing with the US/Iran conflict. Crude oil up over $10.00/barrel since last Friday.
The current view is the Fed can’t lower rates as long as inflation and employment are not declining.
Investors shunning US treasuries in favor of higher yields in other countries. Treasuries are providing more evidence that they’re no longer safe havens during times of crisis. Treasury bonds used to be places for investors to weather geopolitical upheaval, not the case now.
There are no scheduled data points today.
PRICES @ 10:00 AM
10 year note: 4.10% +6 bp
5 year note: 3.68% +6 bp
2 year note: 3.54% +6 bp
30 year bond: 4.73% +5 bp
30 year FNMA 5.0: @9:30 am 99.80 -29 bp (-40 bp from 9:30 am yesterday)
30 year FNMA 5.5: @9:30 am 101.28 -18 bp (-19 bp from 9:30 am yesterday)
30 year GNMA 5.0: @9:30 am 99.91 -21 bp (-21 bp from 9:30 am yesterday)
Dollar/Yen: 157.80 +0.44 yen
Dollar/Euro: $1.1575 -$0.0015
Dollar Index: 99.40 +1.02
Gold: $5,069.10 -$242.40
Bitcoin: 66,314 -2841
Crude Oil: $76.98 +$5.81
DJIA: 47,859 -1045
NASDAQ: 22,294 -455
S&P 500: 6749 -132
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.