“Mortgage Bonds are modestly lower this morning after hotter than expected core consumer inflation, lower unemployment claims and mixed numbers from regional manufacturing. Stock prices are higher on the notion that the recent weak economic data could hold off any Fed interest rate hikes until early 2016. With Mortgage Bond prices at lofty levels and having not been able to make any successful moves higher, I will continue to recommend locking. If anything changes, I will get back to you.”
“Mortgage Bonds are higher, though off their best levels, being supported by tame wholesale inflation and weak Retail Sales. Stocks are lower on weak economic data abroad as well as here in the States. With the current lofty levels for Mortgage Bond prices, sentiment can quickly reverse. There is more room for prices to fall, then there is for an upside swing. I am recommending locking. If anything changes, I will get back to you.”
“Mortgage Bonds begin the week near unchanged, after the Bond markets were closed yesterday in observance of Columbus Day. Stock prices are modestly lower after disappointing economic data from China. In addition, Stocks are pausing after seven straight days of gains. With Mortgage Bond prices not being able to make any significant gains in the face of today’s lower Stock prices, I am recommending locking. If anything changes, I will get back to you. Have a great week!”
“Mortgage Bonds continue to edge lower, trading near unchanged this morning, as Stock prices continue to trade in positive territory. The closely watched S&P 500 Stock Index is set to have its best week of 2015. There were no economic reports released today. I will continue to recommend locking headed into the weekend. The Bond markets are closed on Monday in observance of Columbus Day. Therefore, I will speak to you on Tuesday.
Have a great weekend!”
“Mortgage Bonds continue to trade in a sideways pattern with no clear signs of a move higher, this despite flat to lower Stock prices this morning.
Economic data was light today as Weekly Initial Jobless Claims were lower, but had little impact on trading. Later today, the Treasury will be selling a sizable amount of 30-Year Bonds, which is weighing on the markets. With Mortgage Bond prices at the upper end of the trading range, I will continue to recommend locking. If anything changes, I will get back to you.”
“Mortgage Bonds are giving back yesterday’s modest gains as the risk trade rolls on. Stocks rose in Europe and Asia and the rally is spilling over here in the States, which is putting pressure on the Bond markets. There were no economic reports released today. Later this afternoon, the Treasury will be selling 10-Year T Notes, which could put additional pressure on Bonds, depending on the outcome. With Bond prices unable to push higher and Stocks back in rally mode, I will continue to recommend locking. If anything changes, I will get back to you.”
“Mortgage Bonds have gradually lost some ground from last Fridays wild intraday highs, which was due to the weak September Jobs Report. Also weighing on Bond prices this week is a sizable amount of Treasury securities being sold as the added supply weighs on prices. With an October Fed rate hike all but off the table, Stock prices are in rally mode at the expense of Bonds. I am recommending locking, if anything changes, I will get back to you.”
“With the specter of a rate kike all but off the table in 2015, Stock are trading higher, while Bond prices begin the week slightly lower. The only economic report due out today is the ISM Service Index, with just Weekly Initial Jobless Claims being released on Thursday. Added Bond supply will come from the Treasury as it is set to sell a boatload of Note and Bonds this week on Tuesday, Wednesday and Thursday. I am recommending carefully floating, but in this volatile market sentiment can quickly reverse. If anything changes, I will get back to you. Have a great week!”
“The September Jobs Report disappointed investors this morning as employers added far few workers than was expected. The headlines sent Mortgage Bond prices above key technical levels and are trading well into positive territory. I am recommending carefully floating, but with prices near the year highs, I am cautious at current levels. If anything changes, I will quickly alert you. Have a great weekend!”
“The September Jobs Report is capping Mortgage Bond prices this morning as the markets await tomorrows 8:30am ET release of the numbers. In economic news, Weekly Initial Jobless Claims continue to remain near 10-year lows, signaling firings remain subdued. Due to big headline risk associated with the Jobs Report and with Mortgage Bond prices near the highs seen in late April, I am recommending locking ahead of tomorrow mornings report.”