Posted To: MBS Commentary
All-Time Levels All Around. Here's How To Play It Another day, another opportunity for MBS prices to hit record highs and rates to–well… rates are just sort of kicking around a piece of ground in their home town (at all time lows), but notably, they're not looking too eager to improve. Why is that and what should you do about it? Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Core PCE Inflation 0.9 vs 1.0 f'cast Market Movement Recap 08:18 AM Bonds began the overnight session slightly stronger and chopped around in a narrow range since then. 10yr yields are starting the domestic session down about 1bp. 2.0 UMBS are starting out up 2 ticks (+0.06). 09:15 AM Quick, serendipitous weakness just now taking 10yr yields 2 bps higher and MBS an eighth…(read more)
Source: Mortgage News Daily
