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