Friday closed with a major sell-off caused by better than expected employment numbers. So what does that mean for the week ahead?
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Tag Archives | Market Update
Mortgage Rates Inch Higher on News of Initial Jobless Claims
Yesterday, mortgage rates inched higher for the first time in four days. This move was caused by a stronger than expected Initial Jobless Claims report.
European and Asian Stocks Rally – Market Update
Currently mortgages are trending flat from where pricing was set yesterday morning. There are no major economic releases planned for today.
Market Rallied Late Monday – Market Update
Yesterday the market saw a late day rally perhaps to the tragic news out of Boston. Stock prices and the bond market often sync up when tragic news catches the market off guard, in almost an emotional response.
Jobless Claims Increased Last Month – Market Update
MBS held onto morning gains all day yesterday despite the fact that Jobless Claims increased last month.
U.S. Employers Hired 199,000 Workers in March – Market Update
We had an unexpected rally in the market yesterday when manufacturing reports came in under forecasts. This morning, treasuries fell in anticipation that today’s reports will beat economists’ predictions.
Treasuries Fall, Snapping Three-Week Gain – Market Update
Treasuries fell this morning, snapping a three week gain on speculation that U.S. manufacturing expanded at its fastest pace in 21 months.
Cyprus Banks Reopen for First Time in Nearly Two Weeks – Market Update
Cypriots will face new restrictions on asset withdrawals and foreign transfers, which should limit capital flight.
Headlines Dominated by Cyprus’ New Tax Levy – Market Update
The bond market had a strong morning until the European Central Bank reaffirmed its commitment to provide liquidity to the small nation.
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