May 5th, 2026 8:32 AM by Richard Sardella MLO.100007700/NMLS 233568
Yesterday the 10 year note yield reached its highest level since August 2025 on news Iran was attacking ships trying to pass through the Strait. The reaction sent crude prices higher.
March US trade deficit at -$60.3B as expected.
At 10 am April ISM services index, expected at 53.9, reported at 53.6. March JOLTS job openings fell by 56,000 to 6.866 million in March, above market expectations of 6.84 million. The number of job openings decreased in professional and business services (-318,000) but increased in finance and insurance (+98,000). Meanwhile, hires increased to 5.6 million while total separations changed little at 5.4 million. Within separations, both quits (3.2 million) and layoffs and discharges (1.9 million) were little changed. Old data but February new home sales thought to be 610K increased to 636K.
PRICES @ 10:00 AM
10 year note: 4.43% -1 bp
5 year note: 4.08% -1 bp
2 year note: 3.95% -1 bp
30 year bond: 5.01% -1 bp
30 year FNMA 5.5: @9:30 am 100.33 +8 bp (-15 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 102.00 +5 bp (-7 bp from 9:30 am yesterday)
30 year GNMA 5.5: @9:30 am 100.62 +8 bp (-7 bp from 9:30 am yesterday)
Dollar/Yen: 157.72 +0.47 yen
Dollar/Euro: $1.1699 +$0.0006
Dollar Index: 98.41 +0.04
Gold: $4,584.30 +$51.00
Bitcoin: 81,405 +1352
Crude Oil: $102.57 -$3.84
DJIA: 49,126 +184
NASDAQ: 25,285 +217
S&P 500: 7248 +48
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.