Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,270
# of Questions
 

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 8 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.
Bond Markets Slightly Weaker Overnight and Into Domestic Session
Posted to: Micro News
Tuesday, April 01, 2014 9:21 AM

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

After month/quarter-end yesterday, bond markets have generally been under pressure--first moving higher in yield overnight, and weakening further in the first hour this morning.  Treasuries underperformed German Bunds in the European session as well--something that speaks to organic, Treasury-specific weakness.

Frustratingly, it's not something that lines up with any events or data releases.  This "weakness for weakness's sake" speaks to underlying tradeflows and trading position considerations heading into the new month and this Friday's NFP. 

The day's only significant economic data is out at 10am with ISM Manufacturing.  If it's strong enough, it could have a compounding effect with the existing tradeflow weakness and make for some unpleasantly brisk snowball selling.  It would remain to be seen if a weaker-than-expected reading would do as much good considering that wasn't really the case with yesterday's Chicago PMI.

10's are up 2.5 bps to 2.75 at the moment and Fannie 4.0s are down 5 ticks at 103-27.  Neither have moved through their weakest levels from yesterday, so we got that going for us for now.




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 3.86%
  • |
  • 15 Yr FRM 3.12%
  • |
  • Jumbo 30 Year Fixed 3.73%
MBS Prices:
  • 30YR FNMA 4.5 108-12 (0-00)
  • |
  • 30YR FNMA 5.0 110-15 (0-03)
  • |
  • 30YR FNMA 5.5 111-26 (0-01)
Recent Housing Data:
  • Mortgage Apps 4.93%
  • |
  • Refinance Index 0.90%
  • |
  • FHFA Home Price Index 0.67%