http://MikesDailyMarketReport.com: Industrial Production dropped 0.1% in March, even though forecasts called for a rise of 0.1%. On the same report, Capacity Utilization dropped from 79.0% to 78.8%, even though, it too, called for a rise on it's forecasts. Home Builder's Confidence is slowly rising again, as it's Home Builder's Index rose from 62 to 63 in April. Stocks are Up this morning on more good Q1 Corporate Earnings Reports. MBS is down 5bps, but Mortgage Rates remain Unchanged. Adding to the pressure to MBS is the rising Yields, which are currently 2.58%.
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