A calm day for markets

___

Published Date 11/29/2024

At 9:30 am ET the 10 year note yield at 4.20% -6 bps, making the decline 10 bps since last Tuesday.

There are no economic releases today. OPEC+ had its meeting set for Sunday but delayed it until Thursday December 5th. The cease fire between Israel and Hezbollah has eased tensions in the mid-east, oil prices have been working lower as a response.

At 9:30 am the DJIA opened +72, NASDAQ +21, S&P +7. 10 year at 9:30 am 4.20% -6 bps. FNMA 6.0 30 year coupon at 9:30 am +14 bps from Wednesday’s close and +17 bp from 9:30 am Wednesday.

No data and most investors, traders and money managers not working today with little news.

The key 10 year note now the lowest since the end of October. Less concern about the mid-east helping drive the note from 4.50% 10 days ago down 30 bps.

FOMC meets again in two weeks (December 17th), markets are currently pricing in 66.3% odds on a 25 basis-point rate cut in December, according to CME Group’s FedWatch Tool, versus a 33.7% chance of a hold.

The 10 year note at 4.20% a key technical resistance, see chart.

The stock market closes at 1 pm, the bond market at 2 pm.

Source: TBWS

• < Prev
• Next >

All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.

J.C. Mier The Mortgage GOAT

Branch Manager/ Loan Officer

NMLS: 258527

Mortgage Goat LLC

130 N Preston rd #318, Prosper TX 75078

Company NMLS: 258527 /133739

Office: 469-628-4544

Cell: 469-628-4544

Email: jc@themortgagegoat.net

Web: http://www.themortgageGOAT.net