http://MikesDailyMarketReport.com: We have a mixed bag of economic data today! The Import Price rose 0.3% in September (this is a low impact data point). The higher data points include the following Manufacturing reports: The Philly Fed Index rose to 32.3 in October and the NY Fed Index rose 10.5. However, the Initial Jobless Claims rose 58k from last week's report to 898k. Stocks are Down, as we've been seeing weakness from them this week! Sentiment toward possible higher COVID numbers and tighter restrictions in Europe, along with lack of progress on another Stimulus package is weighing on Investors' moods. More Fed Members are out speaking today; along with more Q3 Corporate Earnings Reports being released. MBS is showing some uncertainty this morning, as it's tested both positive and negative directions, which we see by the star shape in the candle. It's currently Up 3bps; however, yesterday, we closed Up 13bps. You should see better pricing with Mortgage Rates today. Yields have pulled back a bit from earlier lows, which tested it's 25 DMA; however, now it's sitting just under 0.72%.
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