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

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 1 and 1 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

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.
New Lows and Reprice Risk Following 5yr Auction
Posted to: Micro News
Wednesday, December 18, 2013 11:37 AM

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

The 5yr Treasury auction has drawn out a good amount of volume and volatility. The demand for the Notes was much weaker with the bid-to-cover ratio coming in at 2.42 compared to 2.61 at the last auction.

More importantly, the high yield of 1.60 at auction is significantly higher than the 1.576 "when-issued" yield at the 11:30am cut-off. Taken together, this makes the auction about a "D" in terms of a letter grade and is sapping bond prices, even ahead of the Fed Announcement this afternoon.

Some lenders may reprice for the worse at current levels. Fannie 4's are down a quarter of a point (8 ticks) at 103-09. This is only about 3 ticks weaker than pre-auction levels though. 10yr yields are up a quick 1.5 bps to 2.894.

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 4.44%
  • |
  • 15 Yr FRM 3.49%
  • |
  • Jumbo 30 Year Fixed 4.20%
MBS Prices:
  • 30YR FNMA 4.5 106-21 (-0-12)
  • |
  • 30YR FNMA 5.0 109-02 (-0-06)
  • |
  • 30YR FNMA 5.5 110-07 (-0-07)
Recent Housing Data:
  • Mortgage Apps 4.30%
  • |
  • Refinance Index 6.92%
  • |
  • FHFA Home Price Index 0.67%