January 6th, 2026 8:39 AM by Richard Sardella MLO.100007700/NMLS 233568
Bond markets are trading in a tight range and should remain relatively quiet today. Tomorrow December ADP private jobs ahead of weekly jobless claims on Thursday and December employment data on Friday. The Fed continues to see employment as the biggest factor in the decision on whether to lower rates later this year, markets not expecting any Fed movement when the FOMC meets on he 29th.
At 9:30 am ET the DJIA opened generally unchanged (-11) after the strong 595 gain yesterday. NASDAQ opened +57, S&P +7, 10 year at 9:30 am 4.18% +1 bp from yesterday. FNMA 5.0 30 year coupon at 9:30 am -8 bps from yesterday’s close and +5 bps from 9:30 am yesterday.
Gold continues to increase, making new record highs, lots of opinions but reality is money is moving to safer places.
Today will be quiet ahead the coming data through the rest of the week.
PRICES @ 10:00 AM
10 year note: 4.17% unch
5 year note: 3.71% unch
2 year note: 3.46% unch
30 year bond: 4.86% unch
30 year FNMA 5.0: @9:30 am 99.74 -8 bp (+5 bp from 9:30 am yesterday)
30 year FNMA 5.5: @9:30 am 101.42 -5 bp (-1 bp from 9:30 am yesterday)
30 year GNMA 5.0: @9:30 am 99.76 -10 bp (+3 bp from 9:30 am yesterday)
Dollar/Yen: 156.39 -0.10 yen
Dollar/Euro: $1.1708 -$0.0015
Dollar Index: 98.27 +0.20
Gold: $4,495.70 +$44.20
Bitcoin: 94,067 -112
Crude Oil: $58.60 +$0.29
DJIA: 49,052 +75
NASDAQ: 23,508 +112
S&P 500: 6927 +25
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.