|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
Moderately Improved in Light Holiday Volume
Posted to: Micro News
Monday, December 30, 2013 9:26 AM
While European and Asian markets were technically open overnight, that fact is barely detectable based on trading levels. 10yr Treasury yields held within a narrow 2.995-3.015 range until early domestic trading introduced more of a bid.
10yr yields made it down to 2.978 but are just slightly off those lows at 2.9833 now, a total of 2.27bps lower than Friday's 5pm levels.
MBS opened right in line with Friday's latest levels are Fannie 4.0s are currently up 5 ticks at 103-01.
Volume and participation remain generally drained by the holidays and overseas absences will be even more prevalent this week. That, combined with the absence of significant data make it mostly pointless to read any strategic significance into trading levels.
Pending Home Sales coming up at 10am ET
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.