May 9th, 2025 8:40 AM by Richard Sardella MLO.100007700/NMLS 233568
There are no data points today.
The US and China meeting this weekend, the first meeting with high level officials. US trade with China is critical and won’t be resolved for months; last year US exports to China totaled $143.5B while imports from China totaled $438.9B.
What is needed now are deals with Japan, South Korea, India, the EU, and Vietnam. China won’t happen soon or easily. Many analysts are saying that unless the levies come down, trade between the world’s two largest economies would eventually crumble after reaching almost $600B last year.
At 9:30 am ET the DJIA opened +118, NASDAQ +101, S&P +24. 10 year at 9:30 am -1 bp at 4.37%. FNMA 6.0 30 year coupon at 9:30 am +6 bps from yesterday’s close and -32 bp from 9:30 am yesterday.
This week had little economic data, next week is full of key reports. Inflation data with CPI and PPI, retail sales, University of Michigan mid-month consumer sentiment index lead the way.
PRICES @ 10:00 AM
10 year note: 4.37% -1 bp
5 year note: 3.97% -3 bp
2 year note: 3.86% -2 bp
30 year bond: 4.84% +1 bp
30 year FNMA 6.0: @9:30 am 100.92 +6 bp (-32 bp from 9:30 am yesterday)
30 year FNMA 6.5: @9:30 am 102.55 +5 bp (-38 bp from 9:30 am yesterday)
30 year GNMA 6.0: @9:30 am 100.82 +5 bp (-16 bp from 9:30 am yesterday)
Dollar/Yen: 145.11 -0.80 yen
Dollar/Euro: $1.1263 +$0.0036
Dollar Index: 100.30 -0.34
Gold: $3,342.70 +$36.70
Bitcoin: 103,256 +1939
Crude Oil: $60.44 +$0.53
DJIA: 41,428 +60
NASDAQ: 18,032 +104
S&P 500: 5685 +21
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.