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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Hiring by U.S. companies slowed more than expected in March, pointing to a labor market that is starting to cool in the face of higher interest rates, according to the ADP National Employment Report released Wednesday morning. Companies added 145,000 jobs last month, missing the 200,000 gain that economists surveyed by Refinitiv predicted. It also
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +6 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The March ADP Employment Change was much lower than expected… showing 145K vs. est. of 200K. February was revised upward from 242K to 261K. Taking it to the House: Weekly
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +24 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lighter than expected, 205K vs. est. of 215K. The more closely watched 4 week moving average dropped to 212.5K. Continuing Claims were 1.634M vs. est.
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +5 BPS with 60 minutes left to trade. Rosie the Riveter: The March ISM Manufacturing PMI contracted for the 5th straight month and hit levels we have not seen since the height of the pandemic driven slowdown. The headline reading was
READ MOREInterest rates have come back down. It may be good news, but banking and bonds are not that happy about it. Michael Harris explains how you should approach such a market change, all while eliminating debts as soon as possible. He also underlines the many benefits of using a perfect financial GPS program. This
READ MOREAn inflation measure closely watched by the Federal Reserve showed signs of slowing in February, but it still remained abnormally high, according to new data released Friday. The personal consumption expenditures (PCE) index showed that consumer prices rose 0.3% from the previous month and climbed 5% on an annual basis, according to the Bureau of
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +15 BPS with 60 minutes left to trade. Inflation Nation: We got a mixed bag of inflationary data today. Headline PCE MOM increased by 0.3% vs. est. of 0.2%. YOY, it was up 5.0% vs. est. of 5.3%. Core (ex food
READ MOREMBS OVERVIEW 4:30 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -3 BPS with 30 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims remain below 200K with a reading of 198K vs. est. of 196K. The more closely watched 4 week moving average ticked up to 198,250. Continuing Claims were very
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +5 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications improved by 2.9%. Refinances led the way, up 4.8%. Purchases were up 2.0%. The February Pending Home Sales Index saw a MOM gain of 0.8
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -6 BPS with 60 minutes left to trade. Taking it to the House: The January YOY metro city index from Case Shiller showed a gain of 2.5% which matched expectations but was almost half of the annual pace in December of
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