May 19th, 2026 9:53 AM by Richard Sardella MLO.100007700/NMLS 233568
Rates are being hampered by the continuing increase in the dollar, new reports show China reduced its holdings to $652.3B, down roughly 6% from February to the lowest level since September 2008. Japan, the single largest foreign holder of U.S. government debt, dropped approximately $47B to $1.191 trillion. Overall foreign holdings fell to $9.25 trillion in March from $9.49 trillion in February. Under it all is the Iran situation.
ADP out with its monthly private jobs, private employers added 42,250 jobs a week in the four weeks ended May 2nd, up from 33K a week in April.
Bloomberg said the 30 year bond yield is the highest since the global financial crisis in 2007, at 5.18%.
April pending home sales at 10 am thought to be up 0.9% from March’s +1.5% improvement, sales increased 1.4%.
PRICES @ 10:00 AM
10 year note: 4.65% +6 bp
5 year note: 4.31% +7 bp
2 year note: 4.11% +5 bp
30 year bond: 5.17% +4 bp
30 year FNMA 5.5: @9:30 am 99.24 -33 bp (-53 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 101.28 -23 bp (-36 bp from 9:30 am yesterday)
30 year GNMA 5.5: @9:30 am 99.66 -26 bp (-44 bp from 9:30 am yesterday)
Dollar/Yen: 159.11 +0.27 yen
Dollar/Euro: $1.1610 -$0.0048
Dollar Index: 99.33 +0.14
Gold: $4,482.50 -$75.80
Bitcoin: 76,686 -147
Crude Oil: $108.90 +$0.24
DJIA: 49,432 -254
NASDAQ: 25,870 -220
S&P 500: 7360 -43
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.