MBS RECAP: Uneventful but Positive to Begin the Week

Posted To: MBS Commentary

MBS Live : MBS Afternoon Market Summary There’s very little to observe and even less to conclude about the day of MBS trading so far. Fannie 4.0s have held within 2 ticks of 102-24 since 9:30am, and haven’t so much as blinked during that time. 10′s have maintained a slightly negative bias (moving higher in yield), but have done so in narrow range as well–just not as narrow or stable as MBS. With less than an hour left, it doesn’t look like this will change between now and the close. Tomorrow is similarly empty in terms of economic data, though the 3yr Treasury Auction kicks off the week’s auction cycle at 1pm. MBS Pricing Snapshot Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live. FNMA 3.0 94-21 : +0-10 FNMA 3.5 99-03 : +0…(read more)

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