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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
By Jerry Rosengarten I’ve always loved acting. Perhaps it’s because, as a child, I struggled with dyslexia, and reading aloud was an ordeal. But memorizing lines and delivering them to applause was pure magic. Yet, despite my passion for acting, I never pursued it as a full-time career. The uncertainty and risk associated with life
READ MORERate sheets should be better to start the day, probably the best we’ve seen in a couple of weeks. Bonds off to a good start, at least they are at 9am ET. However, we could see more movement depending on how the JOLTS (job openings and labor turnover survey) comes out at 10am and that
READ MORERate sheets this morning should be slightly better on the day, if early gains for bonds hold up. Reprice risk on the day is low, there is some economic data coming out at 10am ET that could affect the first rate sheets issued on the day, but it’s crickets after that. However tomorrow will start the fireworks, with a couple
READ MORERate sheets this morning may be just a little bit better than yesterday, but nothing to get too excited about. Reprice risk on the day is low, markets seem calm and have found a range for bonds to tread water. The Fed’s meeting minutes from the last meeting come out at 2pm ET today, and
READ MOREYear-over-year core inflation fell below 3% for the first time since March 2021 but the choppy trading pattern continues with prices lower and yields higher. The Fed’s favorite inflation gauge, the Core PCE, fell to 2.9% y/y versus 3% expected and down from 3.2% in November, m/m inline at 0.2% and up from 0.1%. The
READ MOREThere was a little bit for all in the data with headline GDP for Q4 2023 rising 3.3% while the inflation components declined. Growth was driven by consumer spending rising at a solid 2.8% rate in the quarter. For 2023, GDP was 2.5% after 1.9% in 2022. Jobless Claims rose to 214K versus 200K expected
READ MORE01/05/24 RATE MARKET WRAP UP UMBS 5.5 99.78 (-9bps)10yr yield 4.05 Bonds saw a bit more improvement earlier in the day and a handful of lenders repriced better. Also, markets have leaned a bit more into that March Fed rate hike, now 75% probable, after digging deeper into jobs report showed large Nov revision and
READ MORERate sheets today may be a little worse than yesterday but it shouldn’t be much, and reprice risk is low. Markets close today at 2pm Eastern and will be closed on Monday for New Years. All loans are free to cautiously float.There is little risk to avoid, although little reason to expect improvement either. Let’s see
READ MORERate sheets today should continue to hold steady and reprice risk is low. Things are generally quiet between Christmas and New Years, and I don’t expect this time around to be any different as traders take the rest of the year off. Other than some housing data there isn’t much in the way of economic
READ MOREPricing this morning similar to yesterday, no reason to worry about reprices. Mixed data this morning, but the PCE inflation came in slightly better than was forecast. However, trading volumes are so low it’s not like we are going to see any kind of rally on the news. Bond market closes at 2pm today, and
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