http://MikesDailyMarketReport.com: Nothing scheduled on the Economic Calendar today, but later this morning (11am PST) the FOMC Minutes will be released. Historically speaking, the MBS don't do well on the days of FOMC Minutes been released; so, be forewarned! Stocks are trading in Positive Territory this morning and previous sentiments continue and new reports that progress is being made in the Trade Talks between the US and China, as they extend into a 3rd day. Today, we have several Fed Members speaking today, which we've been hearing a bit of a dovish tone from previous thought. MBS is currently down 2bps, which Mortgage rates will be unchanged from yesterday's close. Yields are currently at 2.72%.
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