A calmer day for markets

___

Published Date 12/28/2022

The 10 opened this morning down 2 bps at 3.83%, MBSs started lower in early trading, down 9 bps from yesterday. Prior to the 9:30 am ET open US stock indexes were generally unchanged from yesterday. No major news overnight, further moves by China to reopen its economy modestly lifted investor sentiment in the final week of a dismal year for markets.

Global equities have lost a fifth of their value, the largest decline since 2008 on an annual basis, and an index of global bonds has slumped 16%. The dollar has surged 7% and the US 10-year yield has jumped to above 3.80% from just 1.5% at the end of 2021.

Not a lot today, Nov pending home sales, at 1 pm Treasury will sell $43B of 5 yr. notes, yesterday’s 2 yr. auction met with aggressive and strong demand.

At 9:30 am the DJIA opened +125, NASDAQ +5, S&P +18. 10 yr. at 9:30 am 3.83% -2 bps. FNMA 5.5 30 yr. coupon at 9:30 am -14 bps and -14 bps from 9:30 am yesterday.

At 10 am Nov pending home sales were expected -0.5% from -4.6% in October, as released sales declined 4.0%.

Source: TBWS

• < Prev
• Next >

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.

Wymac Capital, Inc.

LICENSING:
CalRE: 01121628
NMLS: 18766

Russell McDonald

NMLS: NMLS: 290837 | Broker CalRE: 01150730

Wymac Capital, Inc.

346 Rheem Blvd #107, Moraga CA 94556

Company NMLS: 18766

Office: 925-937-4300

Email: russellm@wymac.com

Web: https://wymac.com