Dec 17 2015 MARKET UPDATE
MBS are up +6/32 (FNMA 30-yr 3.5 at 103.00), around 4/32 higher than yesterday at this time.
It has been a volatile morning following yesterday’s big Fed announcement. The Philly Fed regional manufacturing index declined to -5.9, well below the consensus of 1.0, and the lowest reading since February 2013. Weekly Jobless Claims declined to 271K, very close to the consensus of 270K. The Dow is down 10 points. Leading Indicators will be released at 10:00 et.