Posted To: MBS Commentary

10yr yields already showed their lack of bullish conviction when it came time to challenge a floor at .72%. If anything the message was that additional rally momentum would be hard to come by as yields vaulted back up to .79. Today, they're showing more of a willingness to challenge overhead ceilings with yields already up to .83% after a stronger jobs report and updated vote counts in GA/PA. Thankfully and almost unbelievably, MBS CONTINUE to outperform at a never-before-seen pace. MBS Pricing Snapshot Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live. MBS UMBS 2.0 103-19 : -0-05 Treasuries 10 YR 0.8303 : +0.0523 Pricing as of 11/6/20 10:13AMEST Tomorrow's Economic Calendar Time Event Period Forecast Prior Friday, Nov…(read more)

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Source: Mortgage News Daily