Much Weaker Than Friday. Much Stronger Than Wednesday


MBS Morning: Much Weaker Than Friday. Much Stronger Than Wednesday

Bonds are starting out the new week retaining a  majority of last Friday’s mega rally.  The omicron-inspired gains were big enough that 10yr yields are almost 4bps higher than they were on Friday afternoon, but still roughly 12bps lower than they were on Wednesday.  The range-finding expedition should continue to be informed by the severity (or lack thereof) of the omicron threat.  Additional impacts from this week’s big-ticket econ data are also possible.

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MBS Pricing Snapshot

Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.

MBS

UMBS 2.5

102-14 : -0-02

Treasuries

10 YR

1.5230 : +0.0380

Pricing as of 11/29/21 11:12AMEST

Tomorrow’s Economic Calendar

Time Event Period Forecast Prior
Monday, Nov 29
10:00 Pending Sales Index Oct 116.7
10:00 Pending Home Sales (%) Oct 0.9 -2.3
Tuesday, Nov 30
9:00 Case Shiller Home Prices y/y (% ) Sep 19.3 19.7
9:00 FHFA Home Prices y/y (%) Sep 18.5
9:00 CaseShiller Home Prices m/m (%) Sep 1.2 1.2
9:00 FHFA Home Price Index m/m (%) Sep 1.0
9:45 Chicago PMI * Nov 67.0 68.4
10:00 Consumer confidence * Nov 110.9 113.8
Wednesday, Dec 01
7:00 MBA Purchase Index w/e 295.7
7:00 MBA Refi Index w/e 2706.2
8:15 ADP National Employment (k)* Nov 520 571
10:00 ISM Manufacturing PMI * Nov 61.0 60.8
10:00 Construction spending (%) Oct 0.4 -0.5
Thursday, Dec 02
8:30 Jobless Claims (k) w/e 245 199
Friday, Dec 03
8:30 Average earnings mm (%) Nov 0.4 0.4
8:30 Non-farm payrolls (k)* Nov 550 531
8:30 Average workweek hrs (hr)* Nov 34.7 34.7
8:30 Unemployment rate mm (%)*



Read More:Much Weaker Than Friday. Much Stronger Than Wednesday

2021-11-29 16:29:18

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