REACH THE RIGHT SOLUTION AT THE RIGHT TIME!
Contact NMSI
Welcome to Nationwide Management Services, Inc. Our services are supported by a unique and proprietary fully-automated inspection system. Our system allows our agents to contact and complete your requests much faster and more effective than our competitors. We ensure you get the right service and provide you with access to comprehensive reports so that our relationship is 100% transparent. Our goal is to maximize every dollar you spend with us and to enhance the overall loss mitigation experience with you as well as your customer.
CONTACT US
 

Too Strong to Give Up Hope. Too Weak to Rest Easy; Construction Spending Doubles Expectations

Too Strong to Give Up Hope. Too Weak to Rest Easy; Construction Spending Doubles Expectations

Too Strong to Give Up Hope. Too Weak to Rest Easy - New week, new month, new chance for yields to confirm a ceiling after last week's rout - Mixed results for bonds today with early weakness and a late bounce (especially for MBS) - Very poor liquidity in MBS (buyers and sellers oftentimes FAR apart on their desired prices) - 100% focus on UMBS 2.5 coupon (why?) - Bottom line: not enough weakness to give up hope. Not enough strength to rest easy. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm ISM Manufacturing 60.8 vs 58.8 (ties highest level since 2004) ISM Prices Paid 86.0 vs 80.0 Construction Spending 1.7 vs 0.8 f'cast Market Movement Recap 08:53 AM Flat in Asia then moderately weaker in Europe. 10yr low = 1.38%. Highs of 1.456% this morning, but already pushing back down (1.43% currently
No Comments

Sorry, the comment form is closed at this time.