175k jobs were reported as created in February

March 7th, 2014

March 7, 2014; 9:32am

Good morning!

Interest rate trends: Today – Higher; 10 days – Flat; 25 days – Flat

Interest rate recommendation:  Very cautious float

Mortgage bonds (MBS’s) are worse this morning on slightly better than expected Government Jobs Report where 175k jobs were reported as created in February.  Initially this caused MBS’s to worsen significantly, but since then they are bouncing back.  The unemployment rate ticks up to 6.7%.  Interest rates are still looking good, not much change.  The stock markets are flat so not much change at this point.  Next week we have big news on Thursday with Retail Sales and Inflation reports on Friday.  We maintain our very cautious float while MBS’s bounce off earlier lows.  Have a great day and nice weekend!  


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