http://MikesDailyMarketReport.com: There's no economic data released today, but the big report to watch for, will be on Friday, which is the CPI. The last time CPI was reported, then there was a fairly big spike, which the Markets reacted very negatively. So beware! The Markets are taking their cues from the weekend's news, which includes recent reports on the the Omicron variant, which may appear to be more mild than past variants. Also, China's PBOC reduced the reserve requirements for their banks; and Evergrande is coming clean that it may not be able to repay their creditors. Currently, MBS is currently Down 16bps, as investment dollars leave bonds back to equities today. Mortgage Rates have worsened slightly from Friday's close. Yields have jumped up to just under 1.44%.
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