June 30th, 2025 10:05 AM by Richard Sardella MLO.100007700/NMLS 233568
Last Friday the 10 year note increased 4 bps, this morning the 10 year note -3 bps.
The Senate passed a key procedural hurdle on the reconciliation bill Saturday night, the final vote on the big bill is likely today. If it passes the senate the bill then goes back to the House for review, the belief is the final bill will be on the president’s desk by Thursday.
This is a short week with the June employment report on Thursday, JOLTS job openings on Tuesday.
At 9:30 am the DJIA opened +221, NASDAQ +89, S&P +20. 10 year at 9:30 am 4.25% -3 bp. FNMA 6.0 30 year coupon at 9:30 am +6 bps from Friday’s close and +3 bps from 9:30 am Friday.
Employment on Thursday, JOLTS tomorrow; the two data points this week. Stock indexes continue to increase making new highs daily for the S&P.
PRICES @ 10:00 AM
10 year note: 4.26% -2 bp
5 year note: 3.82% -2 bp
2 year note: 3.74% -1 bp
30 year bond: 4.82% -2 bp
30 year FNMA 6.0: @9:30 am 101.56 +6 bp (+3 bp from 9:30 am Friday)
30 year FNMA 6.5: @9:30 am 103.36 +89 bp (-3 bp from 9:30 am Friday)
30 year GNMA 6.0: @9:30 am 101.45 +15 bp? (+6 bp from 9:30 am Friday)
Dollar/Yen: 144.49 -0.18 yen
Dollar/Euro: $1.1717 -$0.0005
Dollar Index: 97.27 -0.13
Gold: $3,290.10 +$2.50
Bitcoin: 107,742 +295
Crude Oil: $65.20 -$0.32
DJIA: 44,002 +182
NASDAQ: 20,319 +46
S&P 500: 6187 +14
Richard Sardella has been actively managing and providing services in the mortgage industry for over 30 years. Richard serves on the board of directors as President of Colorado Home Mortgages Inc.
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.
MLO of record MLO.100007700 / NMLS#233568 / CHM NMLS#127716.