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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 May Coupon is up +5 BPS with 60 minutes left to trade. Inflation Nation: The headline March PPI was much lighter than expected, decreasing by -0.5% vs. est. of 0.0% on a MOM basis and 2.7% vs. est. of 3.0% on a YOY basis. When
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +3 BPS with 60 minutes left to trade. Glass Half Empty: The March NFIB Business Optimism Index dropped from 90.9 to 90.1. Treasury Dump: We kicked off three days of dumping our debt into the marketplace with our shorter term 3
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -3 BPS with 60 minutes left to trade. The Talking Fed: In the New York Fed’s March Survey of Consumer Expectations, inflation expectations are on the rise once again, especially the short-term as the Median inflation expectations increased by 0.5 percentage
READ MOREMBS OVERVIEW Jobs, Jobs, Jobs: Its BIG JOBS Friday! You can read the official BLS report here. Here is the Tale of the Tape: Jobs: March Non Farm Payrolls (NFP) 236K vs. est. of 240K February NFP revised from 311K to 326K January NFP revised from 504K to 472K The rolling three month average is
READ MOREU.S. hiring slowed in March as the once rock-solid labor market began to soften in the face of high interest rates and stubborn inflation. Employers added 236,000 jobs in March, the Labor Department said in its monthly payroll report released Friday, mostly in line with the 239,000 jobs forecast by Refinitiv economists. The unemployment rate, meanwhile,
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +0 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The March Challenger Job Cuts saw an uptick to 89,703 vs. Feb’s pace of 77,770. Initial Weekly Jobless Claims were higher than expected, up 228K vs. est. of 200K, however
READ MOREHiring 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
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