http://MikesDailyMarketReport.com: The only economic data being reported today is the FOMC Minutes from the Fed's Meeting last month. This will be released a little later this morning, and there are no expectations of anything being of surprised, as the Fed has been very transparent of their thoughts. Stocks are Up today, as Investors preview earnings from Retail Sector; and Target and Lowes had reported better than expected results. The Markets are taking it's queue from these reports today. Investors are still watching for any compromise between the Republicans and Democrats on a bill to help those adversely affected from the Pandemic. Also, tensions keep rising between US and China, as the State Department has warned US Universities of their investment positions with Chinese companies whom may be delisted from the US Stock Exchanges. MBS has broken above it's 25 DMA and Up 14bps. This will lead to some better pricing for Mortgage Rates today. Yields are fighting to stay above a double floor of support (100 DMA and a technical level), and currently sit a hair under 0.66%.
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