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05.18.2026 Weekly Market Commentary

Rebecca Erb
written by
Rebecca Erb
published on
May 18, 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 lower than Friday Mornings Rate Sheet.  10YR Yield is higher at 4.585. The Dow Jones Industrial Average, S&P 500, and NASDAQ largely unchanged.

Market indications:

  • UMBS 5.5% 99.75 (100.5625 last Monday)
  • 30YR Conv Par Rate 7.0218 (6.8016 last Monday)
  • 10yr – 4.585% (4.394 last Monday)

Last Week

Last week Existing Home Sales, NFIB Optimism Index, CPI, Initial Jobless Claims, Retail Sales, and Capacity Utilization all came in about as expected. PPI and Empire State Manufacturing came in higher.

This Week

This week very light economic releases: Monday, NAHB Housing Market Index. Tuesday, Pending Home Sales. Thursday, Initial Jobless Claims, Housing Starts, and PMI Manufacturing & Services. Friday, Leading Indicators and UM Consumer Survey.

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 10 YR Yield: 4.585