|This email was sent to you by:|
Tonya W. Kenon |
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
Under Slight Pressure Ahead of Remaining Econ Data
Posted to: Micro News
Thursday, September 19, 2013 9:38 AM
Bond markets were relatively contained overnight, though volume was high as global markets reacted to yesterday's FOMC news. 10yr yields dipped into the 2.67's during Asian hours and moved back up to 2.70's during the hand-off to Europe at 2am.
Yields were as high as 2.712 but began falling heading into the domestic session, ultimately meeting resistance just over 2.69. Morning volatility--unrelated to Jobless Claims, which were basically disregarded--has seen several bounces between those two most recent overnight range boundaries, but we are under relatively more pressure now as stocks open and as econ data approaches.
MBS are holding up a bit better than Treasuries with Fannie 4.0s down only 2 ticks to 104-02 and Fannie 3.5s down 5 ticks to 100-25. The next move may be informed by one or both of the reports out 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.