Monday, September 28, 2020

Daily Market Report 9/28/20 There are no economic data to report today; but this week's Jobs Reports will be our Primary focus.  Stocks are Up this morning.  It's partly due to buyers coming back into the Market after several days (last week) of selling and some optimism for a 2nd Stimulus Package, based on recent comments by Nancy Pelosi.  China reported increased profits in their Industrial Sector, which is generating better sentiment to improving global economy.  Also, a Federal Judge blocked the ban on TikTok, as US and China have been facing rising tensions.  MBS started the day lower; however, it's currently Up 3bps.  Mortgage Rates remain Unchaged from Friday's pricing.  Yields showed some movement toward it's 100 DMA, but has pulled back between 100- and 25 DMA.  It's currently at 0.66%.

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