Hello All, This will likely be the final update prior to the holiday break that will start tomorrow afternoon for most. We had good price action late day yesterday after there was well above average demand at the 20 yr auction yesterday. This momentum held up into the overnight session and so far, has held […]
We are starting to see the pivot that over the last 60 days that we talked about occurring once the market felt the hiking was over. Investors would run at locking up these yields once they safely felt there would be no more hikes. Yields should not have reached 5.02 on the 10 yr in […]
https://bluebirdhl.blog/wp-content/uploads/2023/09/BLUEBIRD-BLOG-LOGO-white-copy.png00JJ Astorquiahttps://bluebirdhl.blog/wp-content/uploads/2023/09/BLUEBIRD-BLOG-LOGO-white-copy.pngJJ Astorquia2023-11-17 06:14:582023-11-17 06:14:59Market Update: Jobless Claims showing weakness and seeing the correction we talked about to the long end of the forward curve
Hello All, A good day for mortgage rates. CPI came in very close to what was thought to be possible in yesterdays write-up. However, Shelter continued to be strong. It came down materially from last months .6% reading to .3%, but if that had come in lower, we would have had a NEGATIVE Headline reading […]
https://bluebirdhl.blog/wp-content/uploads/2023/09/BLUEBIRD-BLOG-LOGO-white-copy.png00Rayce Petersonhttps://bluebirdhl.blog/wp-content/uploads/2023/09/BLUEBIRD-BLOG-LOGO-white-copy.pngRayce Peterson2023-11-14 14:35:162023-11-14 14:35:17Market Update: CPI missed low – 10 yr plummets by 17 BPS so far to under 4.50 and still trending
Hello All, Well, the 2nd half of this week has gotten interesting. We are now starting to see some large investment and hedge managers taking bets in favor of a treasury rally. Some are signaling we hit peek and we could see a rally from here. Although I am and have been 100% in the camp […]
As expected, market is back focused on inflation even with unknown of conflict. The market has broken out in the wrong direction. The market could stomach the PPI news yesterday even though that is a better “lead measure” gauge in a way than CPI is, which is completely a “lag measure.” The job market, which […]
Hello All, As mentioned, I am in builder meetings in Florida today. I just walked out of the first meeting and looked at some of the data from this morning. It is not good for mortgage rates. There is a strong chance we are over 8% by the end of the day on the benchmark […]
Market Update: Pretty quiet week, however strong $18 B 20 yr Auction yesterday caused good downward movement in treasury yields (better rates)
Hello All, This will likely be the final update prior to the holiday break that will start tomorrow afternoon for most. We had good price action late day yesterday after there was well above average demand at the 20 yr auction yesterday. This momentum held up into the overnight session and so far, has held […]
Market Update: Jobless Claims showing weakness and seeing the correction we talked about to the long end of the forward curve
We are starting to see the pivot that over the last 60 days that we talked about occurring once the market felt the hiking was over. Investors would run at locking up these yields once they safely felt there would be no more hikes. Yields should not have reached 5.02 on the 10 yr in […]
Market Update: CPI missed low – 10 yr plummets by 17 BPS so far to under 4.50 and still trending
Hello All, A good day for mortgage rates. CPI came in very close to what was thought to be possible in yesterdays write-up. However, Shelter continued to be strong. It came down materially from last months .6% reading to .3%, but if that had come in lower, we would have had a NEGATIVE Headline reading […]
Market Update: Powell Press Conference
Hello All, Well, the 2nd half of this week has gotten interesting. We are now starting to see some large investment and hedge managers taking bets in favor of a treasury rally. Some are signaling we hit peek and we could see a rally from here. Although I am and have been 100% in the camp […]
Market Update | 10-12-23
As expected, market is back focused on inflation even with unknown of conflict. The market has broken out in the wrong direction. The market could stomach the PPI news yesterday even though that is a better “lead measure” gauge in a way than CPI is, which is completely a “lag measure.” The job market, which […]
MARKET UPDATE | 10-06-2023
Hello All, As mentioned, I am in builder meetings in Florida today. I just walked out of the first meeting and looked at some of the data from this morning. It is not good for mortgage rates. There is a strong chance we are over 8% by the end of the day on the benchmark […]