Monday, April 8, 2019

Daily Market Report 4/8/19 The only item on the Economic Calendar is Factory Orders, which dropped 0.5% in February.  Data show Manufacturing still strong, but they're becoming more cautious.  Stocks are down today after a nice ride upwards last week.  There is a Brexit deadline this week (the 12th), but they're trying to postpone it further.  Meanwhile, we wait to hear from the US and China on a date for their 2 presidents to sign the final agreement.  MBS is only Up 3bps, so Mortgage Rates remain Unchanged.  Yields are still hanging in the 2.51% range.

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