Wednesday, May 22, 2019

Daily Market Report 5/22/19 The only item on the Economic Calendar today is the FOMC Minutes, which will be released at 11:15am PST.  Investors are eager to review the Minutes of the Feds' last meeting and look for clues on their thoughts on the economy, rate movement and US/China.  Stocks are Down, as they await the FOMC Minutes.  Also, both China and US appear to be readying themselves to dig in for the long haul, as tensions continue to escalate between the two.  MBS is UP 8bps, but Mortgage Rates remain Unchanged.  Yields are currently sitting at 2.40%.

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