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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Rate sheets today should be about the same as yesterday, 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 data this week, and the bond market will be closed early on Friday for New Years. The outlook remains good for rates and markets continue to anticipate a Fed rate cut in March. Next week’s jobs data could shake that up, but we’ll talk about that next week.
All loans are free to cautiously float,. There is little risk to avoid, although little reason to expect improvement either.
Technicals:
The UMBS 5.5 coupon is 100.59, -13bps. Rate sheets are similar to yesterday though as bonds are only giving back yesterday afternoon’s gains.
The 10yr Treasury yield at 3.82
