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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
MBS OVERVIEW
4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is down -26 BPS with 60 minutes left to trade.
Domestic Flavor:
Taking it to the House: Weekly Mortgage Applications dropped for the third week in a row, this time by -5.7%. Refinances were down -5.5% and Purchases were down -5.7%.
Rosie the Riveter: February national ISM Manufacturing PMI was basically as expected (47.7% vs. est. of 48.0%) however, Prices paid shot up from 45.5 in Jan to 51.3 in Feb which is very inflationary. Employment dropped from 50.6 to 49.1
Across the Pond:
Germany: CPI MOM 1.0% vs. est. of 0.7%, YOY up 9.3% vs. est. of 9.0%
On Deck for Tomorrow: Initial Weekly Jobless Claims, Non Farm Productivity and Unit Labor Costs
