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Eagle Bay Mortgage, L.L.C.
President
John Matteucci
President
Eagle Bay Mortgage, L.L.C.
NMLS#: 268001
Phone: 321-806-1013
Email: john@eaglebaymortgage.com
Website: http://www.eaglebaymortgage.com
Weekly Market Preview

What's on the agenda for this week?

The equity markets weak this morning, early trade in treasuries and MBSs unchanged from Friday.

No economic reports today.

At 9:30 am ET, the DJIA opened -217, NASDAQ -142, S&P 30. 10 yr. at 9:30 am 1.13% +1 bp. FNMA 2.0 30 yr. coupon at 9:30 am -9 bps from Friday’s close, and -22 bps from 9:30 am Friday. The 2.5 30 yr. FNMA coupon at 9:30 -3 bps from Friday’s close and -21 bps from 9:30 am Friday.

The equity markets are opening soft this morning; until now, in the world of finance and investments, the domestic crisis that exists hasn’t phased US and global markets. The consensus forecasts are all very optimistic for growth in 2021.

This Week’s Calendar:

Monday, 1:00 PM ET $58B 3 yr. note auction

Tuesday,

6:00 am ET Dec NFIB Small business optimism index (101.4 unch from Nov)

10:00 am ET Nov JOLTS job openings

1:00 pm ET $38B 10 yr. note auction

Wednesday,

7:00 am ET weekly MBA mortgage applications

8:30 am ET Dec CPI (+0.4%, yr./yr. +1.3%: core CPI +0.1%, yr./yr. +1.7%)

1:00 pm ET $24B 30 yr. bond auction

2:00 pm ET Dec Treasury budget statement (-$200B)

Fed Beige Book

Thursday,

8:30 am ET weekly jobless claims (788K unch from prior week)

Dec import and export prices (imports +0.5%, exports +0.4%)

Friday,

8:30 am ET Dec PPI (+0.3%; core +0.2%)

Dec retail sales (-0.1%, ex autos -0.1%, control group +0.2%)

Jan Empire State Manufacturing index (+6.0)

9:15 am ET Dec industrial production and capacity utilization (production +0.4%, cap utilization 73.5%)

10:00 am ET Nov business inventories (+0.4%)

Jan mid-month U. of Michigan consumer sentiment index (80.0 from 80.7 in Dec)

PRICES @ 10:00 AM ET

10 yr. note: 0.1.14% +2 bp

5 yr. note: 0.49% +1 bp

2 Yr. note: 0.14% unch

30 yr. bond: 1.89% +2 bp

Libor Rates: 1 mo. 0.126%; 3 mo. 0.224%; 6 mo. 0.246%; 1 yr. 0.329% (1/08/21)

30 yr. FNMA 2.0: @9:30 102.98 -9 bp (-22 bp from (9:30 Friday)

30 yr. FNMA 2.5: @9:30 104.92 -3 bp (-21 bp from 9:30 Friday)

30 yr. GNMA 2.5: @9:30 104.77 -20 bp (-21 bp from 9:30 Friday)

Dollar/Yuan: $6.4820 +$0.0066

Dollar/Yen: 104.33 +0.37 yen

Dollar/Euro: $1.2144 -$0.0076

Dollar Index: 90.60 +0.50

Gold: $1838.40 +$3.00

Bitcoin: $33,544 -$4440

Crude Oil: $51.65 -$0.59

DJIA: 30,970 -128

NASDAQ: 13,082 -120

S&P 500: 3805 -20

About John Matteucci

With over 25 years experience, I have the expertise necessary to help borrowers achieve their financial dream. Whether you are a first time home buyer or a borrower looking to refinance an existing mortgage, I will find you the best product that meets your needs at the lowest price.

About This Report And Disclosure Information

All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.

NMLS # 1215155 www.nmlsconsumeraccess.org Licensed Florida Mortgage Broker # MBR1605 Licensed Virginia Mortgage Broker # MC-5869