Posted To: MBS Commentary
Bonds Add to Case For Stability Bonds put in a solid enough performance on Thursday with 10yr yields almost perfectly unchanged by the 3pm CME close. MBS outperformed, but not by enough to require investigation or explanation. The morning's economic data was mixed, with a surprisingly strong Philly Fed survey producing a brief, negative reaction in bonds. After that, yields fell with stocks at the 930am NYSE open and stayed flat after 11am. In the bigger picture, today's ho-hum performance helps reiterate a case for support after a quick move up from 1.41 to 1.65 (10yr yield) over the past 2 weeks. Econ Data / Events Fed MBS Buying 10am, 11:30am, 1pm Jobless Claims 268k vs 260k f'cast, 269k prev Philly Fed Index 39.0 vs 24.0 f'cast, 23.8 prev Market Movement Recap 08:49 AM Another…(read more)
Source: Mortgage News Daily
