|This email was sent to you by:|
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
Bond Markets Stronger Overnight, Meeting Some AM Resistance
Posted to: Micro News
Friday, March 01, 2013 9:03 AM
Treasuries improved slightly at the start of the Asian session and weakened even more slightly, never making it back to Thursday afternoon's levels. The throng of EU economic reports was generally positive for German Bunds and US Treasuries though the latter finally met with resistance at the same mid 1.84's that provides the last two bounces of the week. 10's are currently 1.857.
MBS opened 4 ticks higher and have since given one back (+3 on the day at 103-22) as resistance in Treasuries (or is is support in equities futures? Maybe both) kicked in after the Incomes/Outlays report. Markit PMI just hit and was slightly weaker than expected, but no major reaction so far. Next major data at 9:55am with Consumer Sentiment, followed by ISM Manufacturing at 10am.
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.