Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
121,753
# 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 6 and 2 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.
Bond Markets Continue Rangebound Path Ahead Of Auction
Posted to: Micro News
Wednesday, January 09, 2013 9:59 AM

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

Once again, we're coming off an overnight session that saw limited volume and volatility compared to what one might hope for in the wake of last week's big shake-up. At least the small amount of movement seen, has generally been in a friendly direction.

Overnight 10yr yields made it only as high as 1.89 while equities futures continued to grind against the same highs as yesterday's pre-market session. 10's hit the domestic session essentially unchanged, and for all intents and purposes continue to be unchanged from 5pm levels at 1.867. MBS had been perfectly unchanged until the past few minutes brought Fannie 3.0s down 2 ticks on the morning to 104-11. Even so, this is well within the narrow range set up between yesterday's 10AM highs and afternoon lows (a scant 4 ticks from 104-11 to 104-15).

There are no significant pieces of data out this morning, though a Fed "Twist" buyback will begin at 10:15, finishing at 11:00am. The biggest event of the day for Treasuries will be the 10yr Auction at 1pm. The headline alludes to the possibility that bond markets are rangebound in anticipation of that auction. We'd emphasize "possibility." All we can say about it now is that it's "the next big thing," and while it could be the biggest motivator of the week so far, there's no guarantee it will be.




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 3.86%
  • |
  • 15 Yr FRM 3.12%
  • |
  • Jumbo 30 Year Fixed 3.73%
MBS Prices:
  • 30YR FNMA 4.5 108-12 (0-01)
  • |
  • 30YR FNMA 5.0 110-12 (0-02)
  • |
  • 30YR FNMA 5.5 111-25 (0-00)
Recent Housing Data:
  • Mortgage Apps 4.93%
  • |
  • Refinance Index 0.90%
  • |
  • FHFA Home Price Index 0.67%