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MBS Close to Reentering Positive Territory
Posted to: Micro News
Wednesday, January 15, 2014 2:35 PM
Morning weakness continued through 11am for both Treasuries and MBS. Corporate bond market hedging (which sees big sales of Treasuries at times, followed by big buying) has been supportive, helping bonds hold ground and improve slightly since then.
MBS, in particular are back within striking distance of positive levels, and the next tick higher will do the trick (currently +0-00 at 103-21). Positive reprices aren't out of the question if these levels are maintained or improved upon.
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