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Bond Markets Essentially Unchanged Overnight
Posted to: Micro News
Monday, April 07, 2014 9:09 AM
Treasuries traded a narrow range overnight, moving only as high as 2.735 into the European session and bouncing back as core EU debt hit its weakest levels just after 5am.
MBS opened perfectly in line with Friday's latest levels and are 2 ticks higher so far in Fannie 4.0s (104-07).
There are not significant economic reports scheduled for today. Insignificant reports (not market movers) include Employment Trends at 10am and Consumer Credit at 3pm.
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