Wednesday, August 28, 2019

Daily Market Report 8/28/19 Nothing to report from the Economic Calendar today.  The Market's Sentiment seems to be shifted a bit more sour today, as it begain late yesterday.  Stocks closed in Negative Territory yesterday (after starting the day in Positive Territory).  Today, it is a bit mixed, as Investors continue to worry about the ever deepening Yield Curve Inversion, the long, drawn out trade negotiations between US and China, and a realistic "Hard" Brexit coming this fall, which they believe will deeply impact both European and UK's economy negatively.  MBS is currently Up 3bps, so Mortgage Rates remain Unchanged from yesterday's pricing.  Yields are currently sitting below it's Floor of Support at 1.47%.

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