April 28th, 2026 8:58 AM by Richard Sardella MLO.100007700/NMLS 233568
Yesterday the bellwether 10 year note yield increased 3 bps on no progress with Iran, this morning the note started up another 4 bps at 8 am ET. Crude oil (WTI) rose to $102.00 over night, up over $4.00 from yesterday’s increase of $1.70/barrel.
Inflation fears are increasing. The FOMC meeting starts today, Powell’s last as Fed chair. Kevin Warsh is assumed to take the reins on May 15th. Warsh will face the same issues as Powell and isn’t likely to cut rates with current circumstances as they are.
At 10 am April consumer confidence index from the Conference Board. The University of Michigan consumer sentiment index showed continuing declines of consumer attitudes. The confidence index expected at 89.4 from 92.2, reported last 92.8.
At 1 pm Treasury will sell $44B of 7 year notes, yesterday’s 5 year auction was soft.
PRICES @ 10:00 AM
10 year note: 4.36% +2 bp
5 year note: 3.98% +3 bp
2 year note: 3.84% +4 bp
30 year bond: 4.96% +1 bp
30 year FNMA 5.5: @9:30 100.76 -7 bp (-12 bp from 9:30 yesterday)
30 year FNMA 6.0: @9:30 102.24 -5 bp (-3 bp from 9:30 yesterday)
30 year GNMA 5.5: @9:30 100.93 +3 bp (+4 bp from 9:30 yesterday)
Dollar/Yen: 159.52 +0.10 yen
Dollar/Euro: $1.1702 -$0.0020
Dollar Index: 98.69 +0.19
Gold: $4,593.00 -$100.70
Bitcoin: 76,293 -560
Crude Oil: $99.20 +$2.83
DJIA: 49,227 +59
NASDAQ: 24,690 -197
S&P 500: 7138 -36
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.