Category Archives for "Analysis and Data"

“Analyzing the Unexpected Mortgage Market Vulnerabilities: A Deep Dive into February 2, 2024 Market Updates”

The surprise in today’s employment report was something certainly no one anticipated. The Non-Farm Payrolls (NFP) recorded 353k as against the predicted figure of 180k. True, there are instances when the actual figure beats the forecast by more than 100k but they are not common enough for economists to adjust their estimates accordingly. The unexpected upward revisions in the figures for the last few months are also contributing to the declining bond prices.

Despite the significant single-day drop, it’s noteworthy that bonds have seen a major boost this week. It might not be apparent today, but yields are lower on a week-to-week basis. How the market trends in the coming weeks, particularly following the release of the next Consumer Price Index (CPI) data (due in a week’s time), will be the real litmus test.

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