Wednesday, September 4, 2019

Daily Market Report 9/4/19 Today, we just have the Fed's Beige Book on the Economic Calendar, which will be released around 11am PST.  This will provide a Micro Economic view around the US.  Stocks are Up this morning on positive Geo-Political news.  China is easing on some of the restrictions on Hong Kong in hopes to diffuse the tensions with the Protesters.  Also, the Peoples Bank of China announced steps for more stimulus.  The UK Parliament blocked PM Boris Johnson's proposal to leave the EU without any trade deal.  MBS is currently Up 3bps, so coupled with yesterday's late gains, then Lenders will price better with Mortgage Rates.  Yields are fighting to get back above the Fibonacci level and is currently sitting just below it at 1.47%.

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