- June Payrolls -467,000 (consensus -363,000)
- Unemployment at 9.5% vs. consensus 9.6
- Avg. hrly earnings unchanged versus .1% gain consensus
- workweek down .1 hr to 33.0 hrs. consensus was for no change
- April nfp revised down a bit from -504k to -519k
This should (SHOULD) pave the way for a green friday... Just how green remains to be seen, but so far the 10yr is heading down to 3.5. MBS should follow shortly... Stay tuned...
7/1 EFFECTIVE FED FUNDS: +0.02 to 0.20 from 0.22
LIBOR FIXINGS
O/N LIBOR: +0.0006 to 0.2681 from 0.2675
1 MONTH: -0.0019 to 0.3044 from 0.3063
3 MONTH: -0.0100 to 0.5775 from 0.5875
6 MONTH: -0.0125 to 1.0788 from 1.0912
1 YEAR: -0.0138 to 1.5762 from 1.5900
2s vs. 10s: 250bps
MBS Market Alerts
