http://MikesDailyMarketReport.com: The Consumer Price Index, or CPI, rose only 0.2% in September, as did it's Core CPI; however, it's YoY rose from 1.3% to 1.4% and it's Core remained Unchanged at 1.7% YoY. Stocks started the Morning in Positive Territory, as Q3 Corporate Earnings Reports begin to be released. Today, we're seeing a lot of Banks and Financial Institutions releasing their's. Johnson & Johnson paused their vaccine trials, as they experienced some issues. Apple and Amazon begin their special events today, as Apple is set to announce their new 5G capable iPhones and Amazon begins their 2 day Sales Event, Prime Day! MBS had a Bond Rollover on Friday, which is why the chart looks like it worsened; but in reality, it improved by 18bps so far this morning. The Rollover is simply a reset in pricing, as October's MBS are packaged to be sold in the Market; and now we begin November's batch of MBS. Yields have slipped below it's Technical level and approaching the next level below it. It currently sits just under 0.74%.
Please subscribe to my YouTube Channel at MikesDailyMarketRpt
Also, these videos are base on my views and not represented by any other entity, but my own. I work as a Loan Officer, and if you'd like information on Mortgages, or how I can assist you, then either direct message me, or visit http://michaelb.swmcretail.com
No comments:
Post a Comment