Posted To: MBS Commentary

Bonds Are Boring Today, So Let's Talk About 1.5 UMBS Treasuries did little to react to a smattering of potentially market moving headlines today (surprisingly little, in fact, considering Treasury is unexpectedly clawing back hundreds of billions of dollars of the Federal Reserve's lending power and suggesting those funds be redirected to targeted stimulus). Rather than force a discussion of questionably relevant market movers, we can instead focus on something of actual interest to the mortgage bond market: the rapid increase in prevalence of 1.5 UMBS 30yr fixed coupons! Today's AM commentary and video go into much more detail on the topic. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Market Movement Recap 09:48 AM Treasuries started the overnight…(read more)

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Source: Mortgage News Daily