Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
2,000,000
# of Visitors Per Month
 

Send Article via Email

REGISTERED USERS (Free!):
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 3 and 3 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

Message:   YOUR MESSAGE HERE
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.
Trade Gap a Non-Event; Bond Markets Stay Close to Unchanged
Posted to: Micro News
Tuesday, January 07, 2014 8:58 AM

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

The overnight session was underwhelming with little movement in Treasuries during Asian or European hours.  By 8:30, 10yr yields were less than 1bp lower than yesterday and Fannie 4.0 MBS only 1/32nd higher.

The International Trade report was so extremely unimportant to markets that it won't even get it's own separate update this morning, but for record-keeping purposes:

  • Trade deficit $34.25 bln, lowest since Oct 2009
  • Forecast had been $40.0 bln

The 5 minutes following the data were about the slowest of the day--not typical behavior after data that matters.

Thankfully, if there's any bias to the day so far, it's a positive one for bond markets.  Fannie 4.0s are currently up 3 ticks at 103-10 and 10yr yields are down 1.26bps at 2.9484.  The afternoon has a few events: a 3yr Note auction at 1pm (usually not much of a market mover if at all) and a speech from San Francisco Fed's Williams at 2:30pm.




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 3.98%
  • |
  • 15 Yr FRM 3.18%
  • |
  • Jumbo 30 Year Fixed 3.83%
MBS Prices:
  • 30YR FNMA 4.5 108-17 (0-02)
  • |
  • 30YR FNMA 5.0 110-26 (0-02)
  • |
  • 30YR FNMA 5.5 111-25 (0-01)
Recent Housing Data:
  • Mortgage Apps 4.93%
  • |
  • Refinance Index 0.90%
  • |
  • FHFA Home Price Index 0.67%