Posted To: MBS Commentary

Breaking Down The Crazy Relationship of MBS, Mortgage Rates, and Treasuries Bonds showed up to sell today–at least Treasuries did. MBS, not so much! That was the focus of the morning commentary and today's recap video offers additional clarification and detail for those seeking a deeper understanding. In terms of actually recapping today's market action, fiscal headlines were in focus after tradeflow-based weakness at the start of the day. 0.96% technical support generally held firm for Treasuries, but buyers were not eager to push back in the other direction. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) ADP Employment 307k vs 410k f'cast, 404k prev Market Movement Recap 08:19 AM Bonds were roughly unchanged overnight, with a token rally during…(read more)

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Source: Mortgage News Daily