http://MikesDailyMarketReport.com: The first of the September Job Data was reported this morning, as the ADP announced a better than expected 568k jobs in the private payrolls were created in September. This has investors on Wall Street thinking more about the upcoming Taper talk, which Stocks are in Negative Territory today. It will be interesting to see how they view those people whom lost their jobs because they don't want the vaccinne and won't show up on the unemployment numbers. Most likely will be more noticeable on the Labor Participation and U6 number. Investors are also watching energy prices continue to rise; and Europe and Asia facing a bit of a crunch. Meanwhile, MBS has decided to drop a bit more today, as we're currently Down 6bps (after closing -30bps yesterday). Most Lenders will price worse today in their Mortgage Rates. They should be a little worse today, or their pricing (depending upon Lender) is a little worse. Yields is flirting with another ceiling, but is currently sitting between it's 2 technicals at 1.53%.
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