Mortgage Rates Higher For 3rd Straight Day
Decent Recovery as Sentiment Swoons Ahead of Jobs Report Bonds have made it to Friday's jobs report without a meaningful extension of the corrective sell-off that began 2 days ago. That wasn't a given in the middle of today's trading session. Lutnick's comments on tariff exemptions fueled a risk-on move (buy stocks, sell bonds) in the late AM hours, but it didn't last long. Stocks reversed course in the PM hours and pulled bonds along for the ride. MBS were unchanged to a hair stronger and 10yr yields were able to make it fairly close to unchanged by the 3pm close. Econ Data / Events
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