Published Date 10/25/2023
The 10 year note at 8 am 4.84% +2 bps after declining 3 bps yesterday.
US debt is climbing like ivy on a wall. Powell and other policymakers have indicated the surge in longer-term Treasury yields may reduce the case for continuing to hike the central bank’s benchmark interest rate, the FOMC meets next Wednesday and Thursday. Tomorrow the ECB is scheduled to meet.
At 9:30 am the DJIA opened +85, NASDAQ -98, S&P -19. 10 year at 9:30 am 4.89% +6 bps. FNMA 6.5 30 year coupon at 9:30 am -24 bps from yesterday’s close and -5 bps from 9:30 am yesterday.
At 10 am September new home sales, expected at 685K from 675K in August, sales reported with a nice increase to 759K; details this afternoon.
At 1 pm Treasury will auction $52B of 5 year notes.
Source: TBWS
All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.
Superior Funding Corporation is a Massachusetts Mortgage Company. Massachusetts Mortgage Lender and Broker License: MC2972, NMLS ID: 2972.
NMLS: 11481
Superior Funding Corporation
343 Washington Street, Newton MA
Company NMLS: 2972
Office: 617-938-3900
Email: rshulman@sfcorp.net
Web: http://sfcorp.net
NMLS: 11481
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