Monday, April 4, 2022

Daily Market Report 4/4/22  The only data on the Economic Calendar is the Factory Orders for February, which contracted by 0.5%.  However, we'll receive the FOMC Minutes on Wednesday, which can be a Market Mover.  Stocks are Up today on filings that Elon Musk took in a large share of Twitter.  Meanwhile, US and EU Countries plan to implement more sanctions against Russia for it's role in it's invasion of Ukraine.  MBS are moving (more-or-less) in a sideways pattern today, as it's Down 3bps from Friday's close.   The lack of movement has Mortgage Rates pretty much in Unchanged level from Friday's close.  Yields are settling into the 2.40% range.

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