|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
Bond Markets Slightly Weaker; Holding Ground so Far
Posted to: Micro News
Monday, February 3, 2014 8:58 AM
The overnight session was reasonably active despite the Chinese New Year sidelining some participants. The Nikkei opened higher along with US Treasury yields and both declined mildly into European hours. Stronger manufacturing in Europe weighed on bonds and pulled US Treasury yields higher into the domestic session.
10yr yields opened at 2.676 while Fannie 4.0s began the day at 104-21. They've both recovered somewhat since then to 2.673 and 104-24 respectively. All in all, there hasn't been much movement despite the activity.
The most significant data of the day is the 10am ISM Manufacturing report, expected in at 56.0. The less important Markit manufacturing numbers just hit the wires at the lowest levels since October with the weakness blamed on the weather.
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.