MBS RECAP: Treasuries, MBS Back on Same Page After 2 Weeks On Different Paths

Posted To: MBS Commentary

Treasuries, MBS Back on Same Page After 2 Weeks On Different Paths MBS prices were generally losing ground, albeit at a modest pace, over the past two weeks. That's no big deal in and of itself, but Treasuries were doing the opposite (modest gains over the same 2 weeks). As of today, however, the curse has been reversed. Steady gains in MBS have each 3-month chart looking much more similar to one another. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Durable Goods Orders 0.4 vs 1.5 f'cast , 11.4 prev Core Cap-Ex 1.8 vs 0.5 f'cast , 2.5 prev Market Movement Recap 08:22 AM Bonds opened slightly stronger as the market moved " risk off " overnight. S&P futures are down .32% and 10yr yields are down 1.31bps at .654% and 2.0 UMBS are…(read more)

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MBS RECAP: Treasuries, MBS Back on Same Page After 2 Weeks On Different Paths
MBS RECAP: Treasuries, MBS Back on Same Page After 2 Weeks On Different Paths

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