Monday, September 14, 2020

Daily Market Report 9/14/20  We don't have any Economic Data to report today, but the rest of the week (starting tomorrow) will be full of reports.  Today, Stocks are taking their queues from the headline news (namely reported over the weekend).  Astra Zeneca announced they'll be re-starting their vaccine trials, after a pause when one of the patients mysteriously became ill.  Pfizer reported that they're near end of trials and may have vaccines out by end of year.  Also, it appears that Oracle may have become the winner of the TikTok sweepstakes, as several US companies were competing for it's rights.  It was facing a ban in the US, if it was controlled by a US company.  This has generated a optimistic mood in the Markets today.  MBS started a bit lower, which may have led pricing on the east coast to be a little worse than Friday's; however, it's currently Unchanged from Friday's close, as the west coast starts to roll out their pricing.  Mortgage Rates are Unchanged.  Yields are also Unchanged from Friday's close, as it is currently sitting at 0.67%.

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