November 21, 2022 – Economic News

• November 21, 2022
• realestatelife
• Announcements, Business & Markets, Fed, Interest Rates, Politics & Economy, Real Estate Finance, Recession, World News, Your Real Estate Life

MBS OVERVIEW

Three Things: These are the three areas that have the greatest ability to impact your backend pricing this week: 1) Central Bank Palooza, 2) The Talking Fed and 3) Domestic Flavor

1) Central Bank Palooza: We will get key interest rate decisions from China and New Zealand. NZ is expected to raise their rate by 75BPS.

2) The Talking Fed: We got a mixed bag last week with very Hawkish, Moderate and Dovish tones from different speakers. This week we get the Minutes from the last FOMC meeting on Wednesday where the Fed raised interest rates by 75BPS. We will also hear from Fed Mester, Daly And Bullard.

3) Domestic Flavor: We basically get all of our economic data on Wednesday. Initial Jobless Claims will get a lot of focus to see if all of these tech firings (Twitter, Meta and Amazon) start to show up. Consumer Sentiment is expected to remain at the anemic preliminary level of 54.7 and Durable Goods will get a good look from traders as well.

Treasury Dump: We have three auctions this week with Tuesday’s 7 year getting the most attention from the MBS side:

11/21 2yr and 5yr auctions
11/22 7yr note auction.