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Posted To: MBS Commentary
Equity futures are moving higher Friday ahead of key trade balance and consumer sentiment data. And interest rates are moving higher too. S&P 500 futures are 4.50 points higher at 1,237.50 and Dow Futures are 32 points higher at 11,394. The S&P 500 has jumped 3.67% since Nov. 29. The yield on the 10-year Treasury moved up three basis points overnight to 3.23%. The benchmark 10 year note is currently -5/32 at 94-27 yielding 3.235%. The Fannie Mae 4.5 MBS coupon is +2/32 at 102-16. Light crude oil is trading up 0.31% at $88.67 per barrel, while gold prices are 0.09% lower at $1,386.16 per ounce. News from China had mixed effects overnight. Markets responded positively to new growth data, as exports surged nearly 35% (versus forecasts of 23.6%) and imports narrowed to $22.9 billion. Consequently...(
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