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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 -36 BPS with 60 minutes left to trade. Taking it to the House: January Existing Home Sales were 4.00M vs. et of 4.10M which is down -0.7% from December and 37% YOY. The median home sales price did move higher on a YOY
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up just +6 BPS with 60 minutes left to trade. Genco Olive Oil: Import Prices in January fell by -0.2% which matched expectations. YOY, they were up by 0.8% which was much lower than estimates in the 2.9% range. Export Prices were
READ MOREProducer price index projected to increase 0.4% in January Inflation at the wholesale level rose more than expected in January, the latest sign that painfully high consumer prices could take some time to dissipate. The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers,
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is down -13 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower than expected, 194K vs. est. of 200K. The more closely watched 4 week moving average was very low at 189.5K. Continuing Claims were 1.696M
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up just +3 BPS with 60 minutes left to trade. Retail Sales: We got a nice upside surprise to the January Retail Sales data. The headline reading rose by 3.0% vs. est. of 1.8%. Ex Autos it was up 2.3% vs. est.
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up +2 BPS with 60 minutes left to trade. There were no economic events today On Deck for Tomorrow: Consumer Price Index 10 year and MBSs today little changed awaiting tomorrow’s January consumer price index (CPI). Stock indexes had a decent day. There wasn’t any
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is down -36 BPS with 60 minutes left to trade. Consumer Sentiment: The Preliminary February UofM Consumer Sentiment Index was low but it was higher than expected (66.4 vs. est. 65.0). The one year inflation expectations rose from 3.9% to 4.2% The Talking Fed: Philadelphia Fed
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is down -32 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims once again were below 200K, this time 196K vs. est. of 190K. The more closely watched 4 week moving average dropped down below 190K to 189,250. Continuing Claims
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +9 BPS with 60 minutes left to trade. Taking it to the House: Weekly Mortgage Applications increased by 7.4% after falling -9.0% the prior week. Purchase Applications were up 3.1% and Refinance Applications jumped 17.7% The Talking Fed: Fed Governor Christopher Waller warns that interest
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 February Coupon is up +16 BPS with 60 minutes left to trade. Trade Balance: This data directly goes into the GDP calculations. The December Goods and Services Trade inBalance was a deficit of $-67.4B which was very close to the consensus estimates of $-68.5B Consumer
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