Articles

MBS RECAP: Bonds Continue Pushing The Record Pace, But MBS Are Lagging

Posted To: MBS Commentary

Bonds Continue Pushing The Record Pace, But MBS Are Lagging Yesterday we asked what would come next for bonds after breaking through resistance levels (.58 in 10yr yields and 103.00 in 2.0 UMBS), what comes next. Such breakouts can be the cue for a corrective bounce or a quick rush of additional momentum. It looks like we're getting the latter, although it's more apparent in Treasuries. MBS are lagging due to increased supply, but prices nonetheless hit new all-time highs. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Market Movement Recap 08:17 AM Bonds stronger overnight, largely during European session. Weaker stocks helped. 10yr starting out just under the .54% technical level. MBS are opening more than an eighth of a point higher. 11:31 AM Bonds…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Leave a Reply