Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
118,665
# of Subscribers
 

Send Article via Email

REGISTERED USERS (Free!):
Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 8 and 7 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
 
This email was sent to you by:
Harry Chriest |
Mortgage News Daily

Message:   YOUR MESSAGE HERE
Email alerts, such as this one, are a free service provided by Mortgage News Daily. If you would like to receive an alert when important news breaks please register to join our community.
Auction Undetectable, Sideways Grind Continues
Posted to: Micro News
Tuesday, December 11, 2012 1:21 PM

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

MBS prices are at the same levels as the morning update and haven't strayed more than 2 ticks in either direction since then. The 3yr auction was exactly as expected in terms of yield (.327) and much weaker-than-average in terms of bid-to-cover (3.36 vs 3.71 recent average). Also exactly as expected was the auction's inability to suggest any response in the realm of longer Treasury maturities, let alone production MBS.

10yr yields leveled off earlier this morning after topping out at 1.658 and with few exceptions, have traded between there and 1.648--a 0.01% range for almost 4 hours now... 10's are currently at 1.654 while stocks are having their best day in a while with S&Ps up over 15 points. Fannie 3.0s are down only 4 ticks (post-roll) at 104-28.




More from MND:

 

If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.

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

 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.24%
  • |
  • 15 Yr FRM 3.39%
  • |
  • Jumbo 30 Year Fixed 4.09%
MBS Prices:
  • 30YR FNMA 4.5 107-16 (0-03)
  • |
  • 30YR FNMA 5.0 109-32 (0-02)
  • |
  • 30YR FNMA 5.5 111-06 (0-00)
Recent Housing Data:
  • Mortgage Apps -7.23%
  • |
  • Refinance Index -10.65%
  • |
  • FHFA Home Price Index 0.67%