Tuesday, June 11, 2019

Daily Market Report 6/11/19

http://MikesDailyMarketReport.com: NFIB Small Business, which measures the confidence among Small Businesses, rose from 103.5 in April to 105.0 in May.  Producer Priced Index, which measures inflation on the Wholesale sector, rose 0.1% in May.  However, it's YoY dropped from 2.2% to 1.8%, further illustrating that inflation is still fairly tame.  Stocks are trading in Positive Territory this morning, as China plans a new Stimulus project aimed to re-build it's infracture within it's local municipalities and is issuing Bonds for this project.  MBS are Up 3bps, so Mortgage Rates remain Unchanged from yesterday's pricing.  Yields are now at 2.15%.

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