Uneventful And Slightly Stronger

Uneventful And Slightly Stronger Although volumes picked up a bit versus Friday, no one would confuse the late December bond market from exhibiting any unexpected signs of life. A stronger open in Europe made for a modest improvement overnight and almost all of the domestic session was spent treading water at those same levels. Econ Data / Events Pending Home Sales 79.2 vs 74.9 prev Market Movement Recap 10:12 AM Modestly stronger overnight and holding sideways so far. MBS up 2 ticks (.06) and 10yr down 1.6bps at 4.117 03:38 PM Minimal volatility all day. MBS up 2 ticks (.06) and 10yr down 1.9bps at 4.114

Share the Post:

Wild Ride For MBS as Traders Digest New Developments

We may have been looking to the jobs report as this week’s biggest potential source of volatility, but that changed on Thursday afternoon after Trump’s $200b…

Rates Plummet to 3 Year Lows, But There Are Caveats

On a week where the mortgage market was most likely to experience volatility due to Friday’s jobs report, Thursday afternoon’s surprise announcement of $200bln in GSE MBS (mortgage-backed securities) buying stole the show. This was already juicing the …

What’s Up With The New MBS Buying Announcement and The Massive Reaction in The Market?

On Thursday afternoon with less than an hour left to trade, Trump announced he would be directing his representatives to buy $200bln in mortgage-backed securities (MBS). No matter what one’s personal opinions may be regarding bold announcements from th…

Uneventful And Slightly Stronger

Related Posts

Wild Ride For MBS as Traders Digest New Developments

Rates Plummet to 3 Year Lows, But There Are Caveats

What’s Up With The New MBS Buying Announcement and The Massive Reaction in The Market?

CALIFORNIA

HOUSTON