December 27th, 2016
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.
9:02 AM Case-Shiller National Index up 5.6% vs. year ago.
9:00 AM U.S. dollar index 103.095 +.093
8:57 AM 10-yr German Bund yield .19%.
8:50 AM 10-yr T-Note at 2.565%
8:48 AM The Treasury will sell $26B 2-yr Notes today, results at 1:00 p.m. ET.Tue, Dec 27 8:46 AM
MBS open lower to begin the holiday shortened week.Tue, Dec 27 8:45 AM
Consumer confidence data for December scheduled for 10 a.m. Eastern.
8:42 AM Case-Shiller home prices for October are due at 9 a.m. Eastern Time.
8:30 AM WTI up +0.29 to 53.31 a barrel as OPEC, others commit to curb oil glut.
8:22 AM S&P futures open slightly higher.
Johnmarbury.com has attempted to verify the information contained on this post. However any aspect of such may change without notice. Johnmarbury.com 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 www.themortgagemarketguide.com The cost of subscription is very reasonable.