CHM Blog

The headline this week, Secretary of Treasury Bessent announced Treasury will increase its buybacks for long dated treasuries (10s and 30s). On the announcement Wednesday rates declined but the next day, yesterday, the improvement reversed wiping out the gains.

The only data today, and it isn’t a major mover, the preliminary August PMI manufacturing and service indexes, manufacturing forecasts 53.7, services 53.8; reported manufacturing index 53.2, service sector 56.8.

PRICES @ 10:00 AM

10 yr note: 4.72% +2 bp

5 yr note: 4.41% +2 bp

2 Yr note: 4.22% +2 bp

30 yr bond: 5.26% +1 bp

30 yr FNMA 6.0: @9:30 am 101.33 -2 bp (unch frm 9:30 am yesterday)

30 yr FNMA 5.5: @9:30 am 99.25 -6 bp (-1 bp frm 9:30 am yesterday)

30 yr GNMA 6.0: @9:30 am 101.47 -4 bp (+7 bp frm 9:30 am yesterday)

Dollar/Yen: 158.82 -0.24 yen

Dollar/Euro: $1.1683 +$0.005

Dollar Index: 98.78 -0.12

Gold: $4,644.40 +$73.00

Bitcoin: 77,256 +4629

Crude Oil: $86.83 unch

DJIA: 53,309 +338

NASDAQ: 26,109 +42

S&P 500: 7668 +26

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.