October 30th, 2026 9:06 AM by Richard Sardella MLO.100007700/NMLS 233568
Late yesterday afternoon after stocks closed Amazon and Intel reported earnings, both well below expectations. This morning at 9 am ET in futures trading the NASDAQ down 765, 2.0%, Amazon down 7.0% Intel down 25%, sending investors into treasuries looking for safe havens. Bond markets started the day with support, MBS prices started +12 bps.
At 8:30 am Q3 employment cost index right on estimates, month/month +0.8% from +0.9% in Q2, year/year +3.4% unchanged from Q2.
Crude oil higher this morning on dust ups in the Strait with two separate tanker incidents.
At 9:45 am October Chicago purchasing managers index, estimates at 56.0, reported at 55.3.
Markets have seen the news of the day, the weak earnings from Intel and Amazon. Unless other something else happens in equity markets, bonds won’t have much to build on the rest of the day.
PRICES @ 10:00 AM
10 year note: 4.94% -4 bp from 4:00 pm yesterday
5 year note: 4.74% -6 bp from 4:00 pm yesterday
2 year note: 4.62% -3 bp from 4:00 pm
30 year bond: 5.03% -2 bp from 4:00 pm
30 year FNMA 6.5: @9:30 am 101.63 +11 bp (+3 bp from 9:30 am yesterday)
30 year FNMA 6.0: @9:30 am 99.80 +16 bp (+5 bp from 9:30 am yesterday)
30 year GNMA 6.5: @9:30 am 101.54 +13 bp (+7 bp from 9:30 am yesterday)
Dollar/Yen: 157.11 -0.60 yen
Dollar/Euro: $1.1154 -$0.0057
Dollar Index: 101.91 -0.13
Gold: $3,944 -$ 87.00 (first time below $4,00.00 this year)
Bitcoin: 76,835 -3913
Crude Oil: $103.81 +$1.81
DJIA: 52,170 -172
NASDAQ: 25,667 -518
S&P 500: 7632 -89
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.