Market Focus: Recession

At 8 am ET 2.93% -4 bps, MBS prices at 8 am +33 bps. Stock indexes lower in pre-open trading, the DJIA down 61 after being down as much as...

May inflation lower than expected

The May headline PCE rose by 0.6% vs. est. of 0.7% which is triple April's pace of 0.2%. YOY it increased by 6.3% vs. est. of 6.5%. Core PCE (ex food and energy) which is used by the Federal Reserve...

A calmer day for markets

In overnight trading the 10 yr. note dropped to 3.12%, down 7 bps from yesterday’s US close, by 8:30 am ET this morning the note increased to 3.17% -2 bp. MBS prices in early trade this morning...

Consumer confidence takes a nose-dive

April Case Shiller YOY 20 city metro price index increased by 21.2% vs. est. of 21.0%. The April FHFA Housing Pricing Index showed a MOM gain of 1.6% vs. est. of...

The demise of the American lawn

They were once a status symbol. Lawns, a uniquely American obsession, began yard domination when the word “suburb” took over in the 1950s and ‘60s. Whether your house was a reflection of Lyon Estates...