September 4th, 2026 9:04 AM by Richard Sardella MLO.100007700/NMLS 233568
There are plenty of jobs according to the report this morning, August non-farm jobs expected +55K, increased 162K; July lobs originally reported -23K, revised to +21K. Private jobs estimates thought to be +53K, increased 127K and July revised from 30K to 71K. The unemployment rate held steady at 4.1%. The increase in August jobs the strongest monthly gain since March.
Mohamed El-Erian, chief economic adviser at Allianz added his take on increasing global debt. Saying that “reliable buyers and holders” of US Treasuries were coming under pressure; “And that’s why there’s been pressure on interest rates. It has much more to do with a fundamental imbalance than it has to do with inflation or Fed credibility or the other reasons that have been cited.”
It’s a three-day weekend; markets closed on Monday for Labor Day. The reaction in the markets to the strong employment report somewhat muted as a result with uncertainty from the mid-east. Next week August PPI and CPI inflation and the August Treasury budget.
PRICES @ 10:00 AM
10 year note: 4.77% unch
5 year note: 4.54% +2 bp
2 year note: 4.38% +3 bp
30 year bond: 5.23% -2 bp
30 year FNMA 6.0: @9:30 am 101.02 -11 bp (-13 bp from 9:30 am yesterday)
30 year FNMA 5.5: @9:30 am 98.90 -3 bp (-14 bp from 9:30 am yesterday)
30 year GNMA 6.0: @9:30 am 101.19 -6 bp (-11 bp from 9:30 am yesterday)
Dollar/Yen: 155.73 -0.07 yen
Dollar/Euro: $1.1617 -$0.0009
Dollar Index: 99.12 +0.21
Gold: $4,463 -$77.00
Bitcoin: 79,326 -2433
Crude Oil: $89.50 -$1.80
DJIA: 53,491 -185
NASDAQ: 26,619 +34
S&P 500: 7739 -9
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.