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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
An 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
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is up +13 BPS with 60 minutes left to trade. Bob the Builder: November Construction Spending was much better than expected, up 0.2% vs. est. of down -0.4% Rosie the Riveter: The revised Markit Manufacturing PMI matched the previous release of 46.2 On
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +17 BPS with 60 minutes left to trade. Rosie the Riveter: February headline Durable Goods Orders were weaker than expected, down -1.0% vs. est. of +0.6%. Ex Transportation, it was flat at 0.0% vs. est. of 0.2% and Non Defense Capital
READ MOREMBS OVERVIEW Taking to the House: February New Home Sales hit 640K on annualized basis vs. est. of 650K. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lighter than expected, 191K vs. est. of 201K. The more closely watched 4 week moving average dropped to 196,250. Continuing Claims were higher than the prior month but lower than
READ MOREYour PM Lock Commentary has just been posted.For a full breakdown of today’s analysis: MBS OVERVIEW Taking to the House: Weekly Mortgage Applications improved again. This time by 3.0%. Refinances were up by 4.9% and Purchases were up by 2.2% The Talking Fed: Today at 2 pm ET we get the Federal Reserve’s latest interest rate decision
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -17 BPS with 60 minutes left to trade. Taking to the House: The February Annualized Pace of Existing Home Sales hit 4.58M units vs. est. of 4.20M Treasury Dump: We had a 20 year Treasury bond auction today at 1 pm. $12B went off
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