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 6 and 8 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:
Anonymous |
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 Stronger Overnight, Little-Changed After Data
Posted to: Micro News
Monday, March 3, 2014 8:49 AM

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

Treasuries rallied significantly overnight on geopolitical tensions surrounding Ukraine.  In classic 'flight-to-safety' fashion, stock prices are down big and MBS can't keep up with Treasury gains.  Fannie 3.5s are only up 7 ticks compared to 13 ticks in 10yr Treasury price (0.464 in terms of yield).

This morning's first round of data--Incomes and Outlays--isn't much of a market mover anyway, but is clearly not up to the task of giving any guidance this morning despite showing stronger-than-expected consumer spending.

Incomes and Outlays

  • Personal Income +0.3 vs +0.2 forecast
  • Spending +0.4 vs +0.1 forecast
  • Adjustments for ACA affected the spending figures

Coming up at 10am, the ISM Manufacturing report is in a different league than the spending data from 8:30am.  A noticeably stronger or weaker result will not be as easily overlooked though the situation in Ukraine could serve to limit selling pressure if the ISM data is significantly stronger.

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 3.66%
  • |
  • 15 Yr FRM 2.94%
  • |
  • Jumbo 30 Year Fixed 3.61%
MBS Prices:
  • 30YR FNMA 4.5 108-30 (0-02)
  • |
  • 30YR FNMA 5.0 110-19 (0-02)
  • |
  • 30YR FNMA 5.5 111-26 (-0-04)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%