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MBS RECAP: Serious Sell-Off in Bonds. Time to Panic?

Posted To: MBS Commentary

Serious Sell-Off in Bonds. Time to Panic? A new month brought in new momentum for the bond market–a lot of it–and not the good kind! Treasuries had it far worse than MBS, but MBS are still significantly weaker. Mortgage rates, however, aren't necessarily weaker than yesterday depending on the lender. At first glance, that seems like an obvious lock opportunity. In the short term, that's probably the right idea, but there are other narratives to consider. Those are discussed in today's video, but here's a sneak peek: the traders most interested in buying large amounts of bonds could be the same traders helping push yields higher today. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) ISM Manufacturing 57.5 vs 58.0 f'cast, 59.3 prev Construction…(read more)

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