September 23rd, 2016
What Is Going On With Interest Rates? #wigowir
Below is the news when it happened and the market’s reaction. All Times are Eastern Standard Time.
11:23 am - See indexes below
9:34 AM - MBS at session lows as prices seem to be stalling.
9:32 AM - The S&P 500 opens lower.
9:23 AM New Rates have been posted
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8:29 AM - There are no economic reports due for release this morning.
8:25 AM - U.S. dollar index 95.32, -0.06.
8:24 AM - WTI oil $46.26/barrel, near unchanged.
8:22 AM - 10-yr T Note yield 1.61%.
8:20 AM - S&P futures lower after the three day rally that took the Nasdaq to a fresh record close yesterday of 5,339.
8:12 AM - We grow ever so cautious with prices at the current frothy levels as they seem to reverse lower when looking at the six-month chart.
8:04 AM - MBS open near unchanged at the 2016 highs after the 3% Fannie Mae 30-yr coupon gained back 84bp since the September 14 low of 103.0.