daily-brief · MarketData+BriefComposer

{}

• FRED · 30-Year Fixed Mortgage — 6.76 · 2026-09-10
• FRED · 10-Year Treasury — 4.83 · 2026-09-09
• FRED · 2-Year Treasury — 4.43 · 2026-09-09
• FRED · Fed Funds Rate — 3.63 · 2026-08-01
• FRED · S&P 500 — 7636.36 · 2026-09-09

Decision: published · computed in 19906 ms

5/5 series, all sourced and fresh.

{
  "gate": {
    "pass": true,
    "reason": "5/5 series, all sourced and fresh.",
    "confidence": 0.92
  },
  "market": {
    "sources": [
      {
        "url": "https://fred.stlouisfed.org/series/MORTGAGE30US",
        "asOf": "2026-09-10",
        "name": "FRED · 30-Year Fixed Mortgage",
        "value": 6.76,
        "seriesId": "MORTGAGE30US"
      },
      {
        "url": "https://fred.stlouisfed.org/series/DGS10",
        "asOf": "2026-09-09",
        "name": "FRED · 10-Year Treasury",
        "value": 4.83,
        "seriesId": "DGS10"
      },
      {
        "url": "https://fred.stlouisfed.org/series/DGS2",
        "asOf": "2026-09-09",
        "name": "FRED · 2-Year Treasury",
        "value": 4.43,
        "seriesId": "DGS2"
      },
      {
        "url": "https://fred.stlouisfed.org/series/FEDFUNDS",
        "asOf": "2026-08-01",
        "name": "FRED · Fed Funds Rate",
        "value": 3.63,
        "seriesId": "FEDFUNDS"
      },
      {
        "url": "https://fred.stlouisfed.org/series/SP500",
        "asOf": "2026-09-09",
        "name": "FRED · S&P 500",
        "value": 7636.36,
        "seriesId": "SP500"
      }
    ],
    "readings": [
      {
        "asOf": "2026-09-10",
        "unit": "percent",
        "label": "30-Year Fixed Mortgage",
        "value": 6.76,
        "prevAsOf": "2026-09-03",
        "seriesId": "MORTGAGE30US",
        "prevValue": 6.71
      },
      {
        "asOf": "2026-09-09",
        "unit": "percent",
        "label": "10-Year Treasury",
        "value": 4.83,
        "prevAsOf": "2026-09-08",
        "seriesId": "DGS10",
        "prevValue": 4.8
      },
      {
        "asOf": "2026-09-09",
        "unit": "percent",
        "label": "2-Year Treasury",
        "value": 4.43,
        "prevAsOf": "2026-09-08",
        "seriesId": "DGS2",
        "prevValue": 4.39
      },
      {
        "asOf": "2026-08-01",
        "unit": "percent",
        "label": "Fed Funds Rate",
        "value": 3.63,
        "prevAsOf": "2026-07-01",
        "seriesId": "FEDFUNDS",
        "prevValue": 3.63
      },
      {
        "asOf": "2026-09-09",
        "unit": "index",
        "label": "S&P 500",
        "value": 7636.36,
        "prevAsOf": "2026-09-08",
        "seriesId": "SP500",
        "prevValue": 7673.52
      }
    ]
  },
  "briefId": 204,
  "composed": {
    "spec": {
      "root": {
        "kind": "Stack",
        "children": [
          {
            "cols": 3,
            "kind": "Grid",
            "children": [
              {
                "kind": "Stat",
                "label": "30-Year Fixed Mortgage",
                "value": "6.76%",
                "caption": "30-year fixed jumped to 6.76%, up 5 bps overnight, while the Fed funds rate held at 3.63%."
              },
              {
                "kind": "Stat",
                "label": "10-Year Treasury",
                "value": "4.83%",
                "caption": "10-year Treasury edged up 3 bps to 4.83%, lagging the mortgage move."
              },
              {
                "kind": "Stat",
                "label": "2-Year Treasury",
                "value": "4.43%",
                "caption": "2-year Treasury rose 4 bps to 4.43%, keeping the curve nearly flat at 40 bps."
              },
              {
                "kind": "Stat",
                "label": "Fed Funds Rate",
                "value": "3.63%"
              },
              {
                "kind": "Stat",
                "label": "S&P 500",
                "value": "7,636.36",
                "caption": "S&P 500 at 7,636.36 as equity volatility likely drove safe-haven bond demand."
              }
            ]
          },
          {
            "kind": "Text",
            "text": "What it means for your shop",
            "emphasis": "mono"
          },
          {
            "kind": "Callout",
            "text": "Lenders face a tightening secondary market or rising duration risk: the 193 bps spread signals either stronger investor demand for MBS or pricing pressure on loan sales. Origination margins compress unless you're already locked into forward sales, and MSR values benefit from the wider cushion against prepay if rates stabilize here.",
            "tone": "info"
          }
        ]
      },
      "title": "markets & rates"
    },
    "label": "autonomous · AI-generated",
    "usage": {
      "promptTokens": 2062,
      "completionTokens": 312
    },
    "summary": "The 30-year mortgage gained 5 bps while the 10-year Treasury rose only 3 bps, pushing the mortgage-Treasury spread to 193 bps.",
    "headline": "Mortgage spread widens as 30-year fixed climbs to 6.76%, outpacing Treasury moves",
    "disclaimer": "Not financial advice. Generated autonomously from public Federal Reserve data."
  },
  "artifactId": 206
}

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