Thursday 7/31 At A Glance
By:
Matthew Graham
•
At A Glance
- Action Packed Day Today, going mostly in our favor so far
- MBS up by 9 ticks with the 6.0 at 100-17
- INFLATION
- Employment Cost Index exactly as expected at .7% Quarter over Quarter change
- GDP missed it's 2.4 consensus coming in at 1.9.
- Numerous other components we'll discuss later, but in general, that's good for bonds
- Jobless Claims demolished an already high estimate of 398k coming in at 448k
- LOCK/FLOAT;
- floating for now. we'll have to take a serious look at the gains today and see if they are enough to get us to lock.