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05.04.2026 Weekly Market Commentary

Rebecca Erb
written by
Rebecca Erb
published on
May 4, 2026
Stay ahead with the weekly market commentary. Key economic, political, and stock insights to recap last week and prepare for the next.

Today

The MBS prices are slightly lower than Friday Mornings Rate Sheet.  10YR Yield is slightly higher at 4.394. The Dow Jones Industrial Average, S&P 500, and NASDAQ mixed.

Market indications:

  • UMBS 5.5% 100.375 (100.8125 last Monday)
  • 30YR Conv Par Rate 6.8295 (6.6755 last Monday)
  • 10yr – 4.394% (4.322 last Monday)

Last Week

Last week Case-Shiller, Housing Starts, Building Permits, Initial Jobless Claims, GDP, PCE Index, PMI and ISM Manufacturing all came in about as expected. Durable Goods and Consumer Confidence came in a little better than expected. US Leading Indicators came in lower. FOMC left rates unchanged.

This Week

Monday, Factory Orders. Tuesday, New Home Sales and ISM Services. Wednesday, ADP Employment and Fed Speak. Thursday, Initial Jobless Claims, US Productivity, Construction Spending, and Fed Speak. Friday, Wholesale Inventories, Consumer Sentiment, Non-Farm Payrolls (53K) and Unemployment (4.3%).

Click here to see this weeks upcoming U.S. Economic Calendar.

Fed Watch

Next FOMC meeting is June 17.

Click here to see the CME FedWatch with the latest probabilities of FOMC rate moves.

30 Day 10YR Yield: 4.394