Europe Giveth, But Today is More About The Taketh

Yesterday's natural impulse for the domestic bond market would simply have been to move toward higher rates due to a raft of upbeat economic data in the morning. While the data did indeed push yields higher, European trading helped to push back due a favorable reaction to the comments delivered with the ECB announcement. The shoe is on the other foot today after an uptick in French inflation and hawkish comments from an ECB official (and perhaps just a tradeflow-driven correction to yesterday's EU bond market gains). In plainer English, EU bond yields spiked overnight and pulled US yields along for the ride.

September 15, 2023 Download our Mobile App: Download our Mobile App: MBS Commentary Europe Giveth, But Today is More About The Taketh Yesterday's natural impulse for the domestic bond market would simply have been to move toward higher rates due to a raft of upbeat economic data in the morning. While the data did indeed push yields higher, European trading helped to push back... (read more) Rob Chrisman Cybersecurity, Warehouse, Accounting, Marketing Tools; New Broker Products; CFPB Co-Marketing Case “Happy” 15-year anniversary of Lehman Brothers going belly up. “I was struggling to understand how lightning works and then it struck me.” One of the conversation topics here at the NAMMBA event in Orlando is how Florida has its share of estimated li... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.29% +0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.29% +0.05 0.00 15 Yr. Fixed 6.64% +0.05 0.00 30 Yr. FHA 6.75% +0.02 0.00 30 Yr. Jumbo 7.34% +0.01 0.00 5/1 ARM 7.09% +0.05 0.00 30 Yr. VA 6.75% +0.03 0.00 Updates Daily - Last Update: 9/15 15 Yr. Fixed Rate 6.64% +0.05% Rate Change Points Freddie Mac 30 Yr. Fixed 7.18% +0.06 0.00 15 Yr. Fixed 6.51% -0.01 0.00 Updates Weekly - Last Update: 9/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.16% +0.07 0.68 15 Yr. Fixed 6.57% +0.06 0.94 30 Yr. Jumbo 7.11% +0.07 0.55 Updates Weekly - Last Update: 8/16 MBS / Treasuries UMBS 30YR 6.0 99.58 -0.33 Price / Yield Change MBS UMBS 6.0 99.58 -0.33 GNMA 6.0 99.89 -0.34 Pricing as of: 9/15 5:31PM EST 10 Year US Treasury 4.3280 +0.0420 Price / Yield Change US Treasury 2 YR Treasury 5.035 +0.021 5 YR Treasury 4.460 +0.041 7 YR Treasury 4.416 +0.044 10 YR Treasury 4.328 +0.042 30 YR Treasury 4.417 +0.037 Pricing as of: 9/15 5:31PM EST Latest Video The market is prematurely pricing in rate cuts, says Capital Wealth Plannin... Inflation outlook tumbles to lowest since early 2021, survey shows Bill Rudin on NYC commercial real estate: We need more supply to come on to... It's a good time to put more money into fixed income, says DWS Group’s Davi... Around the Web Marketwatch Why an emergency Fed lending program for banks is seeing increased demand Marketwatch Rate hikes cut both ways as corporate bankruptcies head for worst year since 2010, Guggenheim says Reuters U.S. consumer sentiment slips again but inflation outlook improves Marketwatch Treasury yields extend rise as autoworkers go on strike Eye on Housing Single-Family Permits Decline in July 2023 Calculated Risk Blog Part 2: Current State of the Housing Market; Overview for mid-September Calculated Risk Blog Realtor.com Reports Weekly Active Inventory Down 5.1% YoY; New Listings Down 7.1% YoY CNBC Treasury yields rise as investors digest inflation data Black Knight Intercontinental Exchange Completes Sale of Optimal Blue and Empower Businesses Calculated Risk Blog Q3 GDP Tracking: Around 3% CNBC Europe stocks set to extend gains after ECB hikes to record level, hints at peak rates Calculated Risk Blog Industrial Production Increased 0.4% in August Calculated Risk Blog 3rd Look at Local Housing Markets in August

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