Posted To: MBS Commentary

For those of you who are MBS Live members, yes, the recap title is the same as the MBS Huddle. Sorry for the lack of creativity, but this is an uninspiring week that's been living up to every ounce of its uninspiring potential. Bonds were inconsequentially stronger overnight and moved almost perfectly sideways throughout the domestic session. It's as if the trading algorithms that have caused some ridiculous Thanksgiving volatility in the past were finally turned off (as they should be) or simply set to "sleep mode." Apart from a modest bump toward higher yields in the middle of the day (right when European bonds closed), 10yr yields never moved more than 1 basis point between a high and a low. More impressively, the entire domestic session took place between 1.73 and 1.75…(read more)

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Source: Mortgage News Daily