CHM Blog

For over a month Treasury borrowing had met with meager demand. The 10 year note auction on Wednesday and yesterday’s 30 year bond auction both saw strong demand possibly suggesting investors are content at current levels even with the Fed likely to increase the FF rate at the December FOMC meeting.

The only economic news on the calendar today, mid-month University of Michigan consumer sentiment index. Consumer sentiment and the Conference Board’s consumer confidence index have been slipping the last couple of months. Consumers concerned with inflation although employment is holding well.

Next week on Wednesday and Thursday markets will get September CPI and PPI.

PRICES @ 10:00 AM

10 year note: 4.18% -1 bp

5 year note: 3.72% -2 bp

2 year note: 3.47% -1 bp

30 year bond: 4.87% unch

30 year FNMA 5.0: @9:30 am 99.69% +5 bp (-10 bp from 9:30 am Friday)

30 year FNMA 5.5: @9:30 am 101.43 +5 bp (-6 bp from 9:30 am Friday)

30 year GNMA 5.0: @9:30 am 99.73 +5 bp (-8 bp from 9:30 am Friday)

Dollar/Yen: 156.76 -0.07 yen

Dollar/Euro: $1.1683 -$0.0038

Dollar Index: 98.69 +0.27

Gold: $4,434.70 +$105.40 (safety move)

Bitcoin: 93,265 +1994

Crude Oil: $58.05 +$0.73

DJIA: 48,922 +553

NASDAQ: 23,401 +166

S&P 500: 6898 +40

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.