August 14th, 2026 9:21 AM by Richard Sardella MLO.100007700/NMLS 233568
July retail sales at 8:30 am ET this morning. Month/month sales expected +0.1%, declined 0.6%, ex-vehicles estimates were +0.2% but dropped 0.3%. Prior to the release the 10 year note traded up to 4.67% +2 bps from yesterday’s close.
A nice rally yesterday on July PPI, the 10 year note declined to 4.60% -8 bps but once it hit that support level the note bounced back to end the day at 4.65% -4 bps. The benchmark note has stayed between 4.70% and 4.60% since July 23rd.
At 10 am the University of Michigan consumer sentiment index fell about 8% this August, ending two consecutive months of improvement. While views of personal finances saw only minor declines, expected business conditions sank 11% for the short run and 17% for the long run.
PRICES @ 10:00 AM
10 year note: 4.66% +1 bp
5 year note: 4.33% +1 bp
2 year note: 4.14% -2 bp
30 year bond: 5.24% +3 bp
30 year FNMA 6.0: @9:30 am 101.62 +3 bp (+7 bp from 9:30 am yesterday)
30 year FNMA 5.5: @9:30 am 99.62 +2 bp (+5 bp from 9:30 am yesterday)
30 year GNMA 6.0: @9:30 am 102.00 +2 bp (-7 bp from 9:30 am yesterday)
Dollar/Yen: 158.98 -0.52 yen
Dollar/Euro: $1.1580 +$0.0051
Dollar Index: 99.49 -0.47
Gold: $4,447 +$27.00
Bitcoin: 62,569 -766
Crude Oil: $80.94 -$0.31
DJIA: 53,853 +13
NASDAQ: 26,813 +10
S&P 500: 7806 +7
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.