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Mortgage News Daily combines the expertise of some of the housing industry's leading minds with the power of social media to offer an always lively, constantly evolving web community. MND communicates breaking news, streams video, and provides expert opinion and commentary to a community of interested market professionals and curious consumers.MBS OPEN: Flight to Safety Leads Rates Lower
The FN 4.0 is +0-09 at 100-06 yielding 3.989% and the FN 4.5 is +0-03 at 102-13 yielding 4.206%.
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The secondary market current coupon is 3.989%. I thought about adding the FN 3.5 into the current coupon blend, but there isn't much of
a market for FN 3.5s so I am letting the FN 4.0 carry the entire weight of the calculation.The more important thing to note is that MBS are being outperformed by flight to quality benefited benchmarks.
The CC is now +76/10yr TSY and +66/10yr swap...rate sheet influential yield spreads are wider.
Stocks are weaker after Dubai's Supreme Fiscal Committee announced they would ask creditors of Dubai World, the emirates investment arm, to defer for six months at least some of $60 billion owed to them.
The SHANGHAI closed -2.36%, HANG SENG -4.84%, TOPIX -2.24%, NIKKEI -3.22%, DAX +0.26%, CAC +0.47%, and FTSE +0.21%. The effect of the news on US stocks and bonds is obvious when looking at charts...
Stock's lower...
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Rates lower...
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This email was sent to you by:
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Mortgage News Daily
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Anonymous Anonymous |
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Message:
YOUR MESSAGE HERE
MBS OPEN: Flight to Safety Leads Rates Lower
The FN 4.0 is +0-09 at 100-06 yielding 3.989% and the FN 4.5 is +0-03 at 102-13 yielding 4.206%.
The secondary market current coupon is 3.989%. I thought about adding the FN 3.5 into the current coupon blend, but there isn't much of
a market for FN 3.5s so I am letting the FN 4.0 carry the entire weight of the calculation.The more important thing to note is that MBS are being outperformed by flight to quality benefited benchmarks.
The CC is now +76/10yr TSY and +66/10yr swap...rate sheet influential yield spreads are wider.
Stocks are weaker after Dubai's Supreme Fiscal Committee announced they would ask creditors of Dubai World, the emirates investment arm, to defer for six months at least some of $60 billion owed to them.
The SHANGHAI closed -2.36%, HANG SENG -4.84%, TOPIX -2.24%, NIKKEI -3.22%, DAX +0.26%, CAC +0.47%, and FTSE +0.21%. The effect of the news on US stocks and bonds is obvious when looking at charts...
Stock's lower...
Rates lower...
Are you working today????
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