Friday, January 24, 2020

Daily Market Report 1/24/20 Markit Manufacturing PMI dropped from 52.4 in December to 51.7 in January; however, Markit Services PMI jumped up from 52.8 in December to 53.2 in January.  Stocks are in Positive Territory this morning on some good Earnings Reports from AMEX and Intel, while shrugging off the coronavirus news.  MBS is currently Up 5bps and making another run higher above the current ceiling (it closed beneath it yesterday).  Mortgage Rates remain Unchanged.  Yields continue it's slide and are hovering around 1.72% with it's next floor of support coming in at 1.67%.

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