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MBS RECAP: Treasuries Looking Nervous, But MBS Outperform

Posted To: MBS Commentary

Treasuries Looking Nervous, But MBS Outperform Treasury yields are attempting to move up and over the technical ceiling at .57-.58. This could either signal a negative shift in momentum or merely trepidation ahead of this week's auction supply and stimulus headlines. MBS are outperforming for now, but will ultimately be along for the ride if weakness continues. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Market Movement Recap 08:14 AM Treasuries opened weaker overnight but rallied back modestly during European hours. Low volume and volatility. MBS opening 2 ticks (0.06) higher at 103-20 (103.625). Stocks are roughly unchanged (S&P). 11:28 AM Treasuries losing ground with 10yr now in negative territory on the day. MBS outperforming, still 1 tick…(read more)

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