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MBS RECAP: Fed Delivers. Bonds Surge

Posted To: MBS Commentary

Fed Delivers. Bonds Surge As far as the Fed is concerned, bonds don't have to stress out about rates rising too terribly quickly right now. Granted, they can only directly control the shortest-term rates, but they just pledged to keep buying as much of the longer-term stuff as they have been. MBS and Treasuries appreciate it, to say the least. Econ Data / Events 11:30-11:50 AM (ET) – Fed 30yr UMBS Buying Market Movement Recap 07:56 AM Treasuries flat during Asian hours, then rallied during European hours. 10yr yields bounced at .79% just after 6am and are up to .804% to start the domestic session. MBS are opening slightly weaker, but have yet to find liquidity. Note: prices will be visually lower on the chart due to the roll. 12:23 PM Bond yields followed stock prices lower at the NYSE…(read more)

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