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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, We start out tonight with a recap of notable earnings out after the closing bell including Netflix (NFLX), IBM (IBM), and Interactive Brokers (IBKR) on page 1. Over the following pages, we take a deep dive into some mechanics of mortgage markets and mortgage rates’ relationship to Treasuries. (pages 2 through 4). After recapping the latest monthly residential construction data (page 5 and 6), we take a look at the annual housing survey figures from the New York Fed (page 7)
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