The Day Ahead: Jobless Claims, Long Bond Auction, Class A Notification Day

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Posted To: MBS Commentary

Benchmark interest rates moved mostly sideways overnight but are off yesterday's highs. Equity futures are moving higher Thursday, continuing on from the minor rally seen in the final hour of a trading yesterday afternoon. Just over one hour before the opening bell, S&P 500 futures are 4.00 points higher at 1,232.00 and Dow Futures are 30 points higher at 11,398. The S&P 500 has jumped 3.27% since Nov. 29. The yield on the 10-year Treasury is three basis points lower at 3.24%, retracing half of the seven-point loss to 3.27% on Wednesday. The Fannie Mae 4.0 is +5/32 at 99-23 and the Fannie Mae 4.50 is +3/32 at 102-19 Light crude oil is trading 0.37% up at $88.64 per barrel, while gold prices are 0.21% higher at $1,386.30 per ounce. The day ahead is thin on data, but some economists believe...(read more)

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