October 26, 2018

Stocks are down today as Wall Street goes through a correction,
partially in part to increasing interest rates, as well as rising geopolitical/trade tensions and technical data.  The S&P500 is currently trading at 2,663, 42.57 points lower on the day.

Treasuries are moving even lower this morning with the US 10-YR Note currently trading at 3.079%, 1.2%.

TBA MBS’ have improved with liquid coupons currently trading 3 to 7 + tics higher.