Monday, April 20, 2020

Daily Market Report 4/20/20 There are no economic data to report today.  Stocks are in Negative Territory, as Oil drops below $11/barrel on low demand based on the coronavirus quarantines.  Also, Congress is working on a plan to help replenish up to $350 billion for the PPP, which is helping Small Businesses from having to layoff employees.  Hopefully, this will be completed soon!  MBS is also Down 16bps, so Mortgage Rates have inched up slightly (approximately .125%).  The Fed has been purchasing enough to keep the floating in approximately in the same level for the past few weeks.  This has helped to stabilize them.  Yields are currently just below 0.63%.

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