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Jobs Report 223k vs 188k; Bonds Selling
  • NFP 223k vs 188k forecast
  • Unemployment 3.8 vs 3.9 forecast
  • Earnings +0.3 vs +0.2 forecast

The trifecta of negative bond market news is having a negative affect on bonds so far.  10yr yields are up into "the gap" zone at 2.917% and Fannie 4.0 MBS are down a quarter point on the day, having added almost half that since the jobs data came out.  More to follow if things change.

MBS / Treasury Market Data

FNMA 3.5
97.53
+0.08
FNMA 4.0
100.19
+0.08
FNMA 4.5
102.50
+0.03
2 YR
2.8738
+0.0041
10 YR
3.1690
+0.0057
Pricing as of: 10/16 10:10PM EST
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