http://MikesDailyMarketReport.com: We are still experiencing data being delayed from the past Gov't Shutdown, which will be released at a later date. Today, however, we still have the FOMC Minutes to be released at 11am PST. Many Investors commented that this will be the single most important news this week, as they decipher the about face of the Fed's softening on Rate Hikes and the Balance Sheet. Prepare for some volatility after it's release. Stocks are trading lightly in Positive Territory ahead of the Minutes. MBS is nearly unchanged (down between 2-3bps). Mortgage Rates remain unchanged from yesterday's pricing. Again, this can change after the FOMC Minutes have been released, as it may get volatile, so be cautious! Yields gained 1 point, up to 2.65%.
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