http://MikesDailyMarketReport.com: The ADP Report came out with 183k new jobs in the private sector. The whisper numbers were in the range of 170k-175k, so we did good! The next 2 indexes are the Services Sector. The Markit Services PMI remained Unchanged in Contraction Territory at 49.4 in February; while, ISM Non-Manufacturing went from 55.5% to 57.3% in February. Later today, the Fed Beige Book will be released. Stocks are Up so far this morning, as many Analysts are attributing it to Biden's favor-ability in the Democratic Primaries yesterday. But MBS is not buying into this Stock rally, as they're currently Up 9bps. Depending when Lenders came out with pricing, Lenders may have a little better pricing and some may be Unchanged from yesterday's pricing (you'll need to see the chart in video to better understand). Yields broke below the 1% threshold yesterday and sit at .96% now, which next floor of support sits at .923%.
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