Monday, June 8, 2020

Daily Market Report 6/8/20 There are no Economic Data to report today.  Stocks are Up this morning.  Investors are still feeling a bit enthusiastic about Friday's Jobs data, and what will be the Fed's response to it when they convene for their FOMC this week, beginning tomorrow with their announcement on Wednesday.  MBS is Up 25bps this morning and challending it's 25 DMA. Mortgage Rates improved a bit this morning.  Yields have slid down to 0.86%, having less pressure on MBS.

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