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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 April Coupon is down -7 BPS with 60 minutes left to trade. There were no economic events today. On Deck for Tomorrow: FOMC starts two days of meetings, Existing Home Sales and a 20Y Treasury bond auction. Interest rates increased today, although well anchored in
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +10 BPS with 60 minutes left to trade. Rosie the Riveter: February Industrial Production was weaker than estimates, flat at 0.0% vs. est. of 0.2% but January was revised higher from 0.0% to 0.3%. Capacity Utilization was 78.0% vs. est. of
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -27 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower than expected and returned to its trend of sub-200K with 192K vs. est. of 205K. The more closely watched 4 week moving average dropped
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +35 BPS with 60 minutes left to trade. Inflation Nation: February headline Producer Prices (PPI) decreased by -0.1% vs. est. of +0.3% on a MOM basis and came in at 4.6% vs. est. of 5.4% on a YOY basis, both were
READ MOREInflation remained uncomfortably high in February, although it has cooled slightly from a peak notched in 2022. The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in February from the previous month. Prices climbed 6% on an annual
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is down -4 BPS with 60 minutes left to trade. Inflation Nation: February headline Consumer Prices (CPI) increased by 0.4% on a MOM basis and 6.00% on a YOY basis, both matched market expectations. Core (ex food and energy) was a smidge hotter
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 April Coupon is up +38 BPS with 60 minutes left to trade. There were no economic events today. The Running Man: The bond market continues to benefit from concern over the stability of the financial banking system as Silicon Valley Bank and now Signature Bank
READ MOREU.S. hiring grew in February by more than expected as the labor market remained surprisingly resilient in the face of rising interest rates and higher inflation. Employers added 311,000 jobs in February, the Labor Department said in its monthly payroll report released Friday, easily topping the 205,000 jobs forecast by Refinitiv economists. It marked the second
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 March Coupon is up +23 BPS with 60 minutes left to trade. Domestic Flavor: Jobs, Jobs, Jobs: It was Big Jobs Friday! You can read the official BLS release here. Here is the Tale of the Tape: Jobs: February Seasonally adjusted Non Farm Payrolls (NFP)
READ MOREMBS OVERVIEW Jobs, Jobs, Jobs: The February Challenger Job Cuts report saw a big drop from 103K in Jan down to 78K in Feb. Initial Weekly Jobless Claims were very low but higher than expected with a reading of 211K vs. est. of 195K. The more closely watched 4 week moving average increased slightly to
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