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 4 and 4 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.
Holding Moderate Losses After First Data
Posted to: Micro News
Tuesday, December 31, 2013 9:35 AM

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

Bond markets were weaker in the overnight session, but volume was excruciatingly low with Europe out today and tomorrow for the New Year Holiday.  Additionally, 10yr yields made another "lower high," hitting 3.002 compared to 3.015 in the previous session and 3.02 in the session before that.

Those highs were seen just after 6:30am and yields have consolidated a bit since then but continue to trade in weaker territory (roughly 2bps or 0.02 higher than yesterday). 

MBS are moderately weaker with Fannie 4.0s down 3 ticks (3/32nds or .09375) at 103-02. 

This morning's Case Shiller Home Price data was slightly stronger than expected on a seasonally adjusted basis.  At first glance, it seems to have coincided with some volume and weakness in bonds, but the alignment isn't perfect.  Most of the activity happened in the run-up to the data and "activity" is definitely a stretch in the first place. 

That said, I wouldn't rule out a bit more activity surround the Chicago PMI data at 9:45am (keep an eye out for volatility at 9:42am as a hint of a big beat/miss) and the Consumer Confidence data 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.

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%