‚Äč Bond Market Update

Bond Market Update

Bond Market Update

Market Update

Friday, May 14, 2021

What's going on and why does it matter?
Mortgage bonds opened higher this morning after staging a nice rebound in yesterday's trading session. It will be interesting to see if mortgage bonds can muster the strength to break above their 30-day moving average, or if it will operate as a technical ceiling of resistance. On today's economic calendar, the retail sales report came out weaker than market expectations, while several more reports are scheduled for release later this morning. The Fed is scheduled to purchase up to $4.483 billion of mortgage bonds today.

What should you do about it?
Lock your rate to be safe.

Economic Calendar

Economic reports that may impact mortgage rates this week:

Date Report Period Prior Est. Actual
Tue 11 May JOLTS Job Openings Mar 7.367M 7.500M 8.123M
Wed 12 May Core CPI Apr 0.3% 0.3% 0.9%
Wed 12 May CPI Apr 0.6% 0.2% 0.8%
Thu 13 May Initial Jobless Claims Week ending May 8 498k 490k 473k 
Thu 13 May PPI final demand Apr 1.0% 0.3% 0.6%
Fri 14 May Retail Sales Apr 9.8% 1.0% 0.0% 
Fri 14 May Industrial Production Apr 1.4% 1.1%  
Fri 14 May Capacity Utilization Apr 74.4% 75.1%  
Fri 14 May Business Inventories Mar 0.5% 0.3%  
Fri 14 May U of Mich Consumer Sent. May 88.3 90.3