Wednesday, March 13, 2019

Daily Market Report 3/13/19 We have a few items on the Economic Calendar today.  We'll start with the Durable Goods Orders for January, which rose 0.4% on forecasts of it dropping 0.1%.  The Core Capital Goods Orders broke it's pattern of declines over the past few months and rose 0.8% in January.  This index gauges Businesses reinvesting in their own business.  PPI rose only 0.1% in February.  This is the inflation data from the Wholesale sector.  Construction Spending rose 1.3% in January.  Stocks are trading in positive territory this morning on the economic data, as they watch the Geo-Political news on the Brexit and Boeing scenario.  MBS is down 3bps so far this morning, but based on the late rally in the Market yesterday, Lenders will be more inclined to provide better pricing on their Mortgage Rates this morning.  Yields have continued their decline, and currently sit at 2.61%.

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