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MBS RECAP: MBS Struggle to Hold Gains, But Rates Aren't Scared Yet

Posted To: MBS Commentary

MBS Struggle to Hold Gains, But Rates Aren't Scared Yet Bonds were mixed today with both MBS and Treasuries gaining ground (and then losing slightly less ground) at varying paces. Treasuries outperformed, but that's not a huge surprise on a rally day. Both have bigger fish to fry in the days ahead with plenty of potential volatility from the election, Fed announcement, and NFP. Stakes are higher for Treasuries compared to MBS, and MUCH higher compared to mortgage rates (which have been extremely well insulated by most of the recent bond market volatility due to historically wide lender margins). Still, if there's one market catalyst in the near term that could get things moving, it would be the election. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm…(read more)

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