http://MikesDailyMarketReport.com: Manufacturing rebounded in the NY region, as the Empire State Index rose from 3.7 to 10.1 in April. Stocks are trading in Negative Territory, as a few financial institutions provided their Q1 Earnings Reports and disappionted the Markets. MBS is only up 2bps, so Mortgage Rates are Unchanged from Friday's pricing. Yields are still applying pressure to MBS and are currently up to 2.56%.
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