MBS RECAP: Weaker Today; Still Flat in The Big Picture
Posted To: MBS Commentary
MBS Live : MBS Afternoon Market Summary Bond markets put up a decent head fake this morning, looking like they were ready to equivocally trade flat for the rest of the day only to sneak just outside the range at the 3pm Treasury close. MBS unfortunately had to follow and were under ongoing pressure int heir own right from a heavy day of origination supply. Today’s weakness is pretty minor in the short term but completely inconsequential in the longer run. 10 yr yields didn’t even hit the high end of a short term range discussed in The Day Ahead this morning. Here’s an updated view of the chart in that post: MBS Pricing Snapshot Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live. FNMA 3.5 103-16 : -0-07 FNMA 4.0 105-17 : -0-04…(read more)
