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What Is Going On With Interest Rates?  #wigowir


Below is the news when it happened and the market’s reaction.  For a full view of the day start at the bottom and work your way up. If want to know what just happened start at the top. All Times are Eastern Standard Time.  When the price of Mortgage Backed Securities (MBS) goes down rates go up, and when the price goes up rates come down. Remember in the bond market Bad News is Good News and Good News is Bad news.



Fri, May 05 2:59 PM Stocks trading with modest gains.
Fri, May 05 2:30 PM Fed's Williams says Fed shedding MBS will not hurt Freddie Mac and Fannie Mae.
Fri, May 05 2:26 PM Not many headlines from the Fed members that are speaking around the country today. However, one does stand out, Fed Evan's says the one thing that keeps him awake at night is interest rates returning to zero.
Fri, May 05 1:11 PM At midday, MBS trade near unchanged with little movement. Dow, S&P and NASDAQ in the same pattern. 10-yr yield 2.35%.
Fri, May 05 11:25 AM After the Fed statement and Jobs Report, Stocks and Bonds are near unchanged with little movement. 10-yr 2.36%.
Fri, May 05 10:53 AM Fed Fund Futures now show a 75% chance of a hike to the Fed Funds Rate at the June FOMC meeting.
Fri, May 05 10:50 AM Shares of IBM weigh on Stocks after Warren Buffet said he sold nearly a third of his stake in the tech giant.
Fri, May 05 9:39 AM Soon after the opening bell on Wall Street
Fri, May 05 8:48 AM Not much reaction in the Bond markets to the jobs data. MBS mixed. Stock futures flat.
Fri, May 05 8:38 AM March revised lower to 79K from 98K.
Fri, May 05 8:35 AM Average hourly earnings 0.3%, inline.
Fri, May 05 8:34 AM Total unemployment number, U6, falls to 8.6% from 8.9%.
Fri, May 05 8:33 AM Unemploymnet Rate 4.4% from 4.5%.
Fri, May 05 8:32 AM April job growth at 211K vs 180K expected.
Fri, May 05 8:26 AM 10-yr T Note yield 2.36%.
Fri, May 05 8:26 AM U.S. dollar index 98.75, +0.09.
Fri, May 05 8:23 AM S&P futures near unchanged.
Fri, May 05 8:23 AM WTI oil at $44.94, $-0.58.
Fri, May 05 8:14 AM MBS open near unchanhed.
Fri, May 05 8:13 AM It's Jobs Day! It is estimated that employers added 180K new employees in April. has attempted to verify the information contained on this post.  However any aspect of such may change without notice. does not provide investment advice and does not represent that any of the information or related analysis is accurate or complete at any time. On October 5th we started posting our rates and leaving them on the site for you to refer back to. This will allow  you see where actual rates have been along with the news that caused the fluctuations on the rate sheet.  I ask that you forgive my spelling and grammatical mistakes. This is due writing skills that are lacking and the need to communicate quickly.  Most of the information posted on this blog along with the charts and indexes are available all during the day to the subscrbers of  The cost of subscription is very reasonable.



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