MBS MID-DAY: Bond Markets Remain Relatively Quiet And Relatively Stronger
Posted To: MBS Commentary
MBS Live : MBS Morning Market Summary It’s been a relatively quiet and uneventful morning for bond markets so far. Rather than chase rallying stock prices, Treasury yields have been much more content to trace the movements of German Bunds (add about 40 bps though… Bunds hit another record low this morning and currently trade at 1.367). Fannie 3.5 MBS, still by far and away the dominant production coupon, have held inside a narrow range of 104-11 to 104-14. This morning’s Consumer Confidence data had a paradoxical effect on stocks, and a rather imperceptible one on Treasuries. Earlier data on home prices from Case Shiller also did little, if anything, to motivate market movements. To a significantly greater extent, Europe dominates the trading motivations. MBS Pricing Snapshot Pricing shown…(read more)
