Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Questions Answered

Send Article via Email

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 4 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:
Anonymous |
Mortgage News Daily

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.
No Longer Pleasantly Flat
Posted to: Micro News
Thursday, January 31, 2013 9:51 AM

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

Just to remind us who's boss, markets are no longer 'pleasantly flat,' as volume and selling pressure spiked minutes BEFORE the Chicago PMI report that we thought might provide a challenge to the morning's supportive ceilings in 10yr yields and floor in MBS. We'd like to think (as would the SEC), that the much stronger than expected Chicago PMI numbers didn't have anything to do with the initial spike (how could they, right? unless word got out a few minutes early... Just sayin... the volume pop in 10yr futures was something other than simple momentum building in response to a morning stock rally).

Whatever the case, MBS swung 2 ticks lower fairly quickly and 10's hit 1.9975, where they currently threaten to ratchet higher yet again. Heading in the wrong direction so far...

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 3.67%
  • |
  • 15 Yr FRM 2.95%
  • |
  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%