Market update 5/15/2015
MBS are up +7/32 (FNMA 30-yr 3.0 at 100.30), around 14/32 higher than yesterday at this time. Favorable repricing took place yesterday.
A volatile week looks set to end with a partial recovery in MBS prices. April Industrial Production declined 0.3%, below the consensus for a slight increase. The Empire State regional manufacturing index rose to 3.1, a little below the consensus of 5.0. The Dow is up 10 points. Consumer Sentiment will be released at 10:00 et.