MAGAZYN KIESZEŃ (447) 04.08.2023

Market Wrap-up

Jobs, Jobs, Jobs: Its BIG JOBS Friday! You can read the official BLS report here. Here is the Tale of the Tape:

Jobs:

March Non Farm Payrolls (NFP) 236K vs. est. of 240K

February NFP revised from 311K to 326K

January NFP revised from 504K to 472K

The rolling three month average is now 345

Wages:

The Average Hourly Earnings Rate for all employees rose by 9 cents to $33.18

MOM Average Hourly Earnings increased by 0.3% vs. est. of 0.3%

YOY Average Hourly Earnings increased by 4.2% vs. est. of 4.3%

Unemployment:

The headline Unemployment Rate dropped to 3.5% vs. est. of 3.6%

The U6 Underemployment Rate dropped to 6.7% vs. est. of 6.7%

The Labor Force Participation Rate increased to 62.6% vs. est. of 62.4%

 

 

The 10 year note ended 3.40% +10 bps. MBS prices crumbled, down 44 bps. All week the markets were fixated on a weakening job market and the idea the Fed would hold pat at the next FOMC meting May 3rd. The March employment data today didn’t follow the script and rates increased in a short session and into the weekend; the cash stock market didn’t trade, just a short futures session before ending at 9:15 am ET.

Next Week: Monday Feb wholesale inventories. Tuesday NAHB small business optimism index, 3 year note auction. Wednesday weekly MBA mortgage applications, March CPI, March Treasury budget deficit, 10 year note auction. Thursday weekly jobless claims, March PPI, 30 year bond auction. Friday March retail sales, March import and export prices, March Industrial production, and cap utilization.

This Week the 10 year note yield down 8 bps, the 2 year note -7 bps. FNMA 5.5 30 year coupon -22 bp. The DJIA +211, NASDAQ -134, S&P -4. Gold +$35.00, crude oil +$4.94. Dollar index +0.50, Bitcoin -538.

STAY LOCKED

PRICES @ 12:00 AM

10 year note: 3.40% +10 bps

5 year note: 3.51% +12 bps

2 year note: 3.96 +14 bps

30 year bond: 3.62% +7 bp

Libor Rates: 1 month 4.90%; 3 month 5.198%; 6 month 5.237%; 1 year 5.126% (4/6/23)

30 year FNMA 6.0: 101.89 -39 bp (-36 bp from 9:30 am)

30 year FNMA 5.5: 100.75 -48 bp (-53 bp from 9:30 am)

30 year GNMA 5.5: 100.63 -39 bp (-12 bp from 9:30 am)

Dollar/Yuan: $6.8707 -$0.0052

Dollar/Yen: 132.16 +0.37 yen

Dollar/Euro: $1.0914 -$0.0008

Dollar Index: 102.05 +0.23

Gold: $2023.70 -$11.90

Bitcoin: 27,917 -65

Crude Oil: $80.46 -$0.15

DJIA: futures +53

NASDAQ: futures +1

S&P 500: futures +8

SOFR Data 04/07: 30-DAY AVERAGE(%): 4.68992, 90-DAY AVERAGE(%): 4.54506, 180-DAY AVERAGE(%): 4.15344, INDEX: 1.07261458

Americas

NAME	VALUE	NET CHANGE	% CHANGE	1 MONTH	1 YEAR	TIME (EDT)
INDU:IND DOW JONES INDUS. AVG	33,485.29	+2.57	+0.01%	+1.91%	-3.18%	4/6/2023
SPX:IND S&P 500 INDEX	4,105.02	+14.64	+0.36%	+2.98%	-8.78%	4/6/2023
CCMP:IND NASDAQ COMPOSITE	12,087.96	+91.10	+0.76%	+4.84%	-13.02%	4/6/2023
NYA:IND NYSE COMPOSITE INDEX	15,379.13	+10.87	+0.07%	-0.39%	-7.53%	4/6/2023
SPTSX:IND S&P/TSX COMPOSITE INDEX	20,196.69	+37.14	+0.18%	-0.39%	-7.50%	4/6/20

 

Poland

NAME	VALUE	NET CHANGE	% CHANGE	1 MONTH	1 YEAR	TIME (EDT)
WIG20:IND WIG 20	1,754.24	-2.71	-0.15%	-5.35%	-15.52%	4/6/2023
WIG:IND WSE WIG INDEX	58,538.87	-9.89	-0.02%	-3.80%	-7.85%	4/6/2023
WIG30:IND WIG30	2,162.16	-2.01	-0.09%	-4.95%	-14.13%	4/6/2

WALUTY

CURRENCY	VALUE	CHANGE	NET CHANGE	TIME (EDT)
EUR-USD	1.0905	-0.0017	-0.16%	4:59 PM
USD-JPY	132.1600	0.3800	+0.29%	4:59 PM
GBP-USD	1.2418	-0.0022	-0.18%	4:59 PM
AUD-USD	0.6672	0.0000	0.00%	4:59 PM
USD-CAD	1.3512	0.0019	+0.14%	4:59 PM
USD-CHF	0.9054	0.0009	+0.10%	4:59 PM

 

USD-CZK	21.4428		0.0250		+0.12%		4:59 PM
USD-SKK	27.6261		0.0436		+0.16%		4:59 PM
USD-PLN	4.2893		-0.0003		-0.01%		4:59 PM
USD-HUF	343.8500		0.0700		+0.02%		4:59 PM
USD-RUB	81.1936		-0.3382		-0.41%		1:14 P
USD-MXN		18.1383		-0.1084		-0.59%

POŻYCZKI HIPOTECZNE

ELITE  21-30 YEAR				ELITE  16-20 YEAR
RATE	15 DAY	30 DAY	45 DAY	RATE	15 DAY	30 DAY	45 DAY
7.625	-4.099	-4.004	-3.834	7.625	-4.863	-4.768	-4.598
7.500	-3.859	-3.764	-3.594	7.500	-4.614	-4.519	-4.349
7.375	-3.530	-3.435	-3.265	7.375	-4.271	-4.176	-4.006
7.250	-3.228	-3.133	-2.963	7.250	-3.996	-3.901	-3.731
7.125	-3.008	-2.913	-2.743	7.125	-3.770	-3.675	-3.505
6.999	-2.877	-2.782	-2.612	6.999	-3.624	-3.529	-3.359
6.875	-2.592	-2.497	-2.327	6.875	-3.335	-3.240	-3.070
6.750	-2.545	-2.450	-2.280	6.750	-3.292	-3.197	-3.027
6.625	-2.338	-2.243	-2.073	6.625	-3.116	-3.021	-2.851
6.500	-2.187	-2.092	-1.922	6.500	-3.016	-2.921	-2.751
6.375	-1.768	-1.673	-1.503	6.375	-2.714	-2.619	-2.449
6.250	-1.635	-1.540	-1.370	6.250	-2.628	-2.533	-2.363
6.125	-1.452	-1.357	-1.187	6.125	-2.258	-2.163	-1.993
5.999	-1.392	-1.297	-1.127	5.999	-2.114	-2.019	-1.849
5.875	-0.898	-0.803	-0.633	5.875	-1.615	-1.520	-1.350
5.750	-0.492	-0.397	-0.227	5.750	-1.342	-1.247	-1.077
5.625	-0.430	-0.335	-0.165	5.625	-0.860	-0.765	-0.595
5.500	-0.140	-0.045	0.125	5.500	-0.590	-0.495	-0.325
5.375	0.525	0.620	0.790	5.375	-0.060	0.035	0.205
5.250	1.222	1.317	1.487	5.250	0.407	0.502	0.672
5.125	1.494	1.589	1.759	5.125	0.777	0.872	1.042
5.000	2.081	2.176	2.346	5.000	1.395	1.490	1.660
ELITE PROGRAM IS DESIGNED FOR BORROWERS WITH 700+ CREDIT SCORES, LTV’S 80% OR LESS, AND LOAN AMTS => THAN 125K

 

ELITE 11-15 YEAR				ELITE  8-10 YEAR
RATE	15 DAY	30 DAY	45 DAY	RATE	15 DAY	30 DAY	45 DAY
7.000	-3.383	-3.288	-3.118	7.000	-3.256	-3.161	-2.991
6.875	-3.190	-3.095	-2.925	6.875	-3.068	-2.973	-2.803
6.750	-3.151	-3.056	-2.886	6.750	-3.032	-2.937	-2.767
6.625	-3.116	-3.021	-2.851	6.625	-2.997	-2.902	-2.732
6.500	-3.052	-2.957	-2.787	6.500	-2.925	-2.830	-2.660
6.375	-3.013	-2.918	-2.748	6.375	-2.891	-2.796	-2.626
6.250	-2.788	-2.693	-2.523	6.250	-2.669	-2.574	-2.404
6.125	-2.419	-2.324	-2.154	6.125	-2.300	-2.205	-2.035
6.000	-2.259	-2.164	-1.994	6.000	-2.132	-2.037	-1.867
5.875	-2.166	-2.071	-1.901	5.875	-2.044	-1.949	-1.779
5.750	-1.816	-1.721	-1.551	5.750	-1.708	-1.613	-1.443
5.625	-1.701	-1.606	-1.436	5.625	-1.663	-1.568	-1.398
5.500	-1.331	-1.236	-1.066	5.500	-1.267	-1.172	-1.002
5.375	-1.272	-1.177	-1.007	5.375	-1.212	-1.117	-0.947
5.250	-0.893	-0.798	-0.628	5.250	-0.837	-0.742	-0.572
5.125	-0.482	-0.387	-0.217	5.125	-0.476	-0.381	-0.211
5.000	-0.447	-0.352	-0.182	5.000	-0.387	-0.292	-0.122
4.875	-0.201	-0.106	0.064	4.875	-0.197	-0.102	0.068
4.750	0.251	0.346	0.516	4.750	0.251	0.346	0.516
4.625	0.738	0.833	1.003	4.625	0.738	0.833	1.003
4.500	0.945	1.040	1.210	4.500	0.895	0.990	1.160
4.375	1.338	1.433	1.603	4.375	1.280	1.375	1.545

 

 

 

Mortgage Rates

30 Yr. Fixed Rate 6.18% +0.02%   Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.18% +0.02 0.00 15 Yr. Fixed 5.77% +0.02 0.00 30 Yr. FHA 5.78% +0.03 0.00 30 Yr. Jumbo 5.95% 0.00 0.00 5/1 ARM 6.59% +0.01 0.00 30 Yr. VA 5.87% +0.02 0.00 Updates Daily – Last Update: 4/6 15 Yr. Fixed Rate 5.77% +0.02%   Rate Change Points Freddie Mac 30 Yr. Fixed 6.28% -0.04 0.00 15 Yr. Fixed 5.64% +0.08 0.00 Updates Weekly – Last Update: 4/6   Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.40% -0.05 0.59 15 Yr. Fixed 5.97% +0.13 0.54 30 Yr. Jumbo 6.36% +0.09 0.47 Updates Weekly – Last Update: 4/5

MBS / Treasuries

UMBS 30YR 5.0 100.06 -0.13   Price / Yield Change MBS UMBS 5.0 100.06 -0.13 UMBS 5.5 101.20 -0.11 GNMA 5.0 100.17 -0.25 GNMA 5.5 100.98 -0.23 Pricing as of: 4/6 5:31PM EST 10 Year US Treasury 3.3087 -0.0003   Price / Yield Change US Treasury 2 YR Treasury 3.835 +0.043 5 YR Treasury 3.377 +0.006 7 YR Treasury 3.341 -0.008 10 YR Treasury 3.309 0.000 30 YR Treasury 3.553 -0.018 Pricing as of: 4/6 5:31PM EST