Monday, September 30, 2019

Daily Market Report 9/30/19 Manufacturing in the Chicago region contracted, per the Chicago PMI, in September.  It dropped from 50.4 to 47.1.  Stocks are trading in Positive Territory this morning, as an announcement by the Treasury eased concerns, that were raised by a report on Bloomberg, that the Trump Administration is looking to limit the amount of Chinese companies wanting to list themselves on the US Exchanges.  The Treasury denied any plans of this nature.  MBS is currently fighting it's way above a double layer of resistance of the 25- and 50 DMA, and is currently Up 5bps.  Mortgage Rates remain Unchanged from Friday's pricing.  This could change, as we appear to be facing a Breakout that could push MBS in one directin or another.  Treasuries are Up 1bps, and sit at 1.68% while it's approaching it's 25 DMA.

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