MBS prices are down about 5/32 this morning while the DOW is up about 175 points as oil prices fell and tech stocks rebounded. Tech stocks recovered after an AI scare yesterday, when the Financial Times reported that OpenAI’s annualized revenue topped out at $50 billion, $20 billion short of estimates. The University of Michigan announced on Friday that the preliminary reading of its Consumer Sentiment survey for October was 46.3. The data was worse than expectations.

MBS prices are down about 5/32 this morning while the DOW is down about 200 points as the market is caught in a tug-of-war between earnings optimism and revived inflation concerns. At the Fed’s September meeting, officials were unanimous in their decision to raise interest rates, citing persistently high inflation. Though recent economic data have changed the picture somewhat, inflation remains the key pressure point for the central bank. Federal Reserve Governor Chris Waller is speaking in Turkey today, providing his thinking on the path of monetary policy. Meanwhile, investors are gearing up for the third quarter earnings season, with PepsiCo quarterly results serving as the appetizer. Today’s economic reports showed that the number of people claiming unemployment benefits fell by 2,000 to 197,000 in the week ending October 3, 2026, coming in below market expectations of 200,000 and marking the lowest initial claim count since the 60-year low of 189,000 in mid-July.

MBS prices are down about 5/32 this morning while the DOW is down about 350 points as global bonds fell and investors awaited minutes from the Fed’s September meeting. The yield on 30-year Treasury bonds rose to 5.70%, the highest since 2002, ahead of the release later today of minutes from the Federal Reserve’s September policy meeting, when policymakers raised interest rates to combat inflation. Factors that have weighed on markets this year could still pose impediments. Brent crude oil futures remain above $100 per barrel amid the latest Houthi attacks in the Middle East. Today’s Fed’s meeting minutes will provide clues as to whether the central bank’s rate hike in September represented a one-off or whether the Fed’s thinking indicates more rate hikes ahead.

MBS prices are up about 7/32 this morning while the DOW is up about 320 points as a global bond sell-off and soaring diesel costs haven’t dented investors’ optimism over upcoming earnings and the artificial intelligence boom. Treasury yields eased this morning, with the 10-year yield sitting at 5.30% after reaching its highest closing level in 24 years. The 30-year yield at 5.66% is also near its highest since 2002. Today’s lone economic report showed that the US trade deficit widened to $105.6 billion in August 2026 from a revised $92.8 billion in July, exceeding market expectations of $102.0 billion and marking its largest gap since March 2025.

MBS prices are down about 7/32 this morning while the DOW is down about 100 points as investors took stock of rising bond yields, eurozone economic uncertainty, and the upcoming earnings season ahead of a relatively quiet week. The market has remained remarkably resilient amid recent turmoil in the bond market and the ongoing war in the Middle East. Later this week, attention will turn to the quarterly results of Levi Strauss & Co., Applied Digital, PepsiCo, and Delta Air Lines before the Q3 earnings season kicks off in earnest in mid-October. Today’s lone economic report showed that the ISM Services PMI decreased to 54.9% in September (Briefing.com consensus: 55.7%) from 55.4% in August.