‚Äč Bond Market Update

Bond Market Update

Bond Market Update

Market Update

Friday, May 20, 2022

What's going on and why does it matter?
Mortgage bonds opened flat this morning and stocks are set to rebound after a rough and volatile week. The economic calendar is empty today and investor sentiment is largely being driven by bargain hunting in the battered stock market. The Fed is scheduled to purchase up to $1.728 billion of mortgage bonds today.

What should you do about it?
Watch and see if mortgage bonds can hold their ground above their 10-day moving average, but be prepared to lock your rate if mortgage bonds fall below that level.

Economic Calendar

Economic reports that may impact mortgage rates this week:
Date Report Period Prior Est. Actual
Mon 16 May NY Fed Mfg. Index May 24.60 17.00 -11.60 
Tue 17 May Retail Sales Apr 0.5% 0.9% 0.9%
Tue 17 May Industrial Production Apr 0.9% 0.4% 1.1%
Tue 17 May Capacity Utilization Apr 78.3% 78.5% 79.0% 
Tue 17 May Business Inventories Mar 1.5% 1.9% 2.0%
Wed 18 May Building Permits Apr 1.870M 1.812M 1.819M
Wed 18 May Housing Starts Apr 1.793M 1.765M 1.724M
Thu 19 May Initial Jobless Claims Week ending May 14 203k 200k 218k
Thu 19 May Philly Fed Business Index May 17.6 16.0% 2.6%
Thu 19 May Existing-Home Sales Apr 5.77M 5.62M 5.61M