Wednesday, August 7, 2019

Daily Market Report 8/7/19 There's no economic data to report from the calendar today.  Global Yields are dropping like hotcakes!  Germany reports terrible economic data and reach historic lows with their Yields (-0.59%).  Central Banks from New Zealand, India and Thailand cut rates to keep up with the other Central Banks.  These moves are highlighted by China's response to Tariffs by manipulating their currency by devaluing it below 7.  Stocks are in a  freefall again today, as a result.  MBS is currently up 20bps, so Mortgage Rates continue the trend of Improvement.  Yields have dramatically dropped to 1.63% with no end in site.

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