Wednesday, February 12, 2020

Daily Market Report 2/12/20 There are no economic data to report today.  Stocks are Up again today, as DOW and S&P reach new highs.  Fed Chair Jerome Powell will be testifying before the Senate today.  His talking points from yesterday's testimony will remain the same, however, the Senate may have other questions for him.  Also, later today, there is a 10yr Treasury Auction, which can affect the Markets.  MBS is currently Down 2bps, however, Mortgage Rates remain Unchanged.  Yields are Up to 1.63% (sorry, I mistakenly stated 1.66% in the video).

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