CHM Blog

Daily Market Analysis January 11, 2021

January 11th, 2021 10:09 AM by Richard Sardella MLO.100007700/NMLS 233568


Daily Market Analysis

The equity markets weak this morning, early trade in treasuries and MBSs unchanged from Friday.

No economic reports today.

At 9:30 am ET, the DJIA opened -217, NASDAQ -142, S&P 30. 10 yr at 9:30 am 1.13% +1 bp. FNMA 2.0 30 yr coupon at 9:30 am -9 bps from Friday’s close, and -22 bps from 9:30 am Friday. The 2.5 30 yr FNMA coupon at 9:30 -3 bps from Friday’s close and -21 bps from 9:30 am Friday.

The equity markets are opening soft this morning; until now, in the world of finance and investments, the domestic crisis that exists hasn’t phased US and global markets. The consensus forecasts are all very optimistic for growth in 2021.

PRICES @ 10:00 AM ET

10 yr note: 0.1.14% +2 bp

5 yr note: 0.49% +1 bp

2 Yr note: 0.14% unch

30 yr bond: 1.89% +2 bp

Libor Rates: 1 mo 0.126%; 3 mo 0.224%; 6 mo 0.246%; 1 yr 0.329% (1/08/21)

30 yr FNMA 2.0: @9:30 102.98 -9 bp (-22 bp frm (9:30 Friday)

30 yr FNMA 2.5: @9:30 104.92 -3 bp (-21 bp frm 9:30 Friday)

30 yr GNMA 2.5: @9:30 104.77 -20 bp (-21 bp frm 9:30 Friday)

Dollar/Yuan: $6.4820 +$0.0066

Dollar/Yen: 104.33 +0.37 yen

Dollar/Euro: $1.2144 -$0.0076

Dollar Index: 90.60 +0.50

Gold: $1838.40 +$3.00

Bitcoin: $33,544 -$4440

Crude Oil: $51.65 -$0.59

DJIA: 30,970 -128

NASDAQ: 13,082 -120

S&P 500: 3805 -20

About Richard Sardella

Richard Sardella has been actively managing and providing services in the mortgage industry for over 27 years. Richard serves on the board of directors as President of Colorado Home Mortgages Inc.

About This Report And Disclosure Information

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.

Posted by Richard Sardella MLO.100007700/NMLS 233568 on January 11th, 2021 10:09 AM

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