Monday, November 25, 2019

Daily Market Report 11/25/19 There are no economic data for the Calendar today, but there will be bunch of important data crammed into the next 2 days.  This week will be a holiday shortened week, which our last report for this week will be Wednesday.  Stocks are Up this morning on optimism of a US / China Trade Deal potentially set for a Phase One by end of year.  Reports by both sides indicated this optimism; and China has sent out a memo on protecting Intellectual Property, which has been a sticking point with the US; along with more agriculture purchases.  MBS is currently Up 2bps, so Mortgage Rates remain Unchanged from Friday's pricing.  Yields are fighting to stay above it's 50 DMA and currently sit at 1.76%.

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