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Daily Market Analysis September 15, 2022

September 15th, 2022 9:36 AM by Richard Sardella MLO.100007700/NMLS 233568


Daily Market Analysis

Weekly jobless claims 213K -5K.

August retail sales +0.3% against unchanged expected, ex autos expected 0.0% declined 0.3%, ex autos and gas expected +0.6%, as reported +0.3%.

August import and export prices; imports expected -1.3% declined 1.0%, yr./yr. expected +7.8% and did increase 7.8%, export prices expected -1.2%, as released -1.6%, yr./yr. +10.8% from +12.9% in July.

Sept Philadelphia Fed manufacturing index expected 3.1, as reporte4ed -9.9.

August industrial production expected +0.2% declined 0.2%; factory use expected at 80.3% from July’s 80.2% fell to 80.0%.

July business inventories were in line with estimates at 0.6%.

The 10 opened +4 bps from yesterday at 3.43%, MBSs lower by 22 bps. The stock market little changed.

The 10 yr. is finding resistance at 3.47% and should hold there; overbought and we expect some retracement.

PRICES @ 10:00 AM

10 yr note: 3.43% +3 bp

5 yr note: 3.64% +4 bp

2 Yr note: 3.84% +6 bp

30 yr bond: 3.47 +1 bp

Libor Rates: 1 mo 2.940%; 3 mo 3.483%; 6 mo 4.010%; 1 yr 4.532% (9/14/22)

30 yr FNMA 5.0: @10:00 am 99.75 -23 bp (unch from 9:30 am yesterday)

30 yr FNMA 5.5: @10:00 am 101.23 -25 bp (-7 bp from 9:03 am yesterday)

30 yr GNMA 5.0 : @10:00 am 10.36 -27 bp (-6 bp from 9:30 am yesterday)

Dollar/Yuan: $6.9897 +$0.0277

Dollar/Yen: 143.27 +0.11 yen

Dollar/Euro: $1.0000 +$0.0019

Dollar Index: 109.58 -0.08

Gold: $1696.20 -$12.90

Bitcoin: 20,126 +197

Crude Oil: $85.99 -$2.49

DJIA: 31,257 +121

NASDAQ: 11,774 +21

S&P 500: 3953 +7

About Richard Sardella

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.

About This Report And Disclosure Information

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.

Posted by Richard Sardella MLO.100007700/NMLS 233568 on September 15th, 2022 9:36 AM

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