Wednesday, February 6, 2019

Daily Market Report 2/6/19 Quiet day today.  No economic data to report, as few pieces weren't ready due to the Gov't Shutdown.  Stocks are taking their cue from last night's SOTU.  They are a bit worried over the tough stance with negotiations with the Chinese; and the uncertainty on negotiations within Congress over southern Border Wall.  Stocks are all trading in Negative Territory so far this morning.  MBS is currently  up 3bps and sitting in middle of a wide range.  Yields have slid down beneath it's 25 DMA and is now at 2.69%.  Mortgage Rates are Unchanged from yesterday's rate sheet.                                                                         

For any updates on the Market, I'll post on Twitter, so follow me @MikeBjork                                                                                                   
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