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Bond Markets hit Best Levels in 2 Months
Posted to: Micro News
Wednesday, January 29, 2014 1:00 PM

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Treasuries have inched down to their lowest yields, and MBS to their highest prices in just over 2 months.  The gains arrive in the absence of any significant inspiration.  Interestingly enough, the Turkish Lira--a poster child for the emerging market sell-off--hasn't participated in this latest move. 

10's fell briefly to 2.70 from previous lows of 2.706.  They're currently back at 2.708, 4bps lower on the day.  Fannie 4.0 MBS are 9 ticks higher at 104-20.  Positive reprices are only possible based on the stability of the day's gains.  Most lenders released rate sheets after the morning rally, meaning that prices aren't much higher--if at all--from rate sheet print times.




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Mortgage Rates:
  • 30 Yr FRM 4.03%
  • |
  • 15 Yr FRM 3.21%
  • |
  • Jumbo 30 Year Fixed 3.92%
MBS Prices:
  • 30YR FNMA 4.5 108-13 (0-01)
  • |
  • 30YR FNMA 5.0 110-22 (0-02)
  • |
  • 30YR FNMA 5.5 111-17 (-0-01)
Recent Housing Data:
  • Mortgage Apps 11.56%
  • |
  • Refinance Index 23.29%
  • |
  • FHFA Home Price Index 0.67%