CHM Blog

Still nothing from Congress on the shutdown. It is now 30 days and counting. More paychecks being missed and as of tomorrow the SNAP food program will run out of money. Air traffic controllers are beginning to stay home and flight delays are increasing to the extent airline executives are directly warning Congress to act.

More missed key data this morning, September PCE inflation, September personal income and spending, Q3 employment cost index.

At 9:30 am the DJIA opened +73, NASDAQ +326, S&P +45. 10 year at 9:30 am 4.09% -1 bp. FNMA 5.5 30 year coupon at 9:30 am +4 bps from yesterday and +11 bps from 9:30 am yesterday.

At 9:45 am October Chicago PM index thought to be 42.0 increased to 43.8.

PRICES @ 10:00 AM

10 year note: 4.09% -1 bp

5 year note: 3.71% -1 bp

2 year note: 3.61% -1 bp

30 year bond: 4.65% -1 bp

30 year FNMA 5.5: @9:30 am 101.11 +4 bp (+11 bp from 9:30 am yesterday)

30 year FNMA 6.0: @9:30 am 102.28 unch (-5 bp from 9:30 am yesterday)

30 year GNMA 5.5: @9:30 am 100.85 +2 bp (+2 bp from 9:30 am yesterday)

Dollar/Yen: 154.10 -0.04 yen

Dollar/Euro: $1.1538 -$0.0032

Dollar Index: 99.78 +0.26

Gold: $4,029.30 +$13.40

Bitcoin: 109,545 +3041

Crude Oil: $61.07 +$0.50

DJIA: 47,572 +50

NASDAQ: 23,809 +228

S&P 500: 6854 +32

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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MLO of record MLO.100007700 / NMLS#233568 / CHM NMLS#127716.