Posted To: MBS Commentary

If last week could be reduced to a single theme, it would be that of omicron concerns driving a bond rally and stock sell-off. This week's theme is only slightly more complex. The primary ingredient is simply the opposite of last week: waning omicron concerns driving stocks higher and hurting bonds. Supporting actors include this week's Treasury auction cycle and a technical bounce as bonds refused to enter the "delta zone" seen in Q3. This afternoon's 10yr Treasury auction is one of the few potential flashpoints for volatility as far as scheduled events are concerned. 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 2.5 102-05 : +0-00 Treasuries 10 YR 1.4940 : +0.0140 Pricing…(read more)

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Source: Mortgage News Daily