Tuesday, May 7, 2019

Daily Market Report 5/7/19

http://MikesDailyMarketReport.com: Another day without any data to report on the Economic Calendar.  Today is more of the same, as the reports on the warnings from President Trump to China was confirmed, as they indicated that Tariffs on $200 Billion of Chinese goods can rise from 10% to 25% with a Friday deadline on Negotiations.  There were concerns that China won't send their delegates to the US to continue with the Trade Talks, but was confirmed that they will attend on Thursday.  As a result, Stocks are way Down this morning.  However, they did rebound yesterday a bit from very low downs late in the day.  This confirmation may keep them down today.  MBS is currently Up 8bps this morning.  Due to the Markets improvement yesterday, which led MBS to finish -2bps, the Mortgage Rates remain Unchanged in their pricing today.  Yields have slid a little further down, to 2.47%.

Please subscribe to my Blog and my YouTube Channel at MikesDailMarketRpt

No comments:

Post a Comment