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

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 3 and 7 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 Holding Ground at Slightly Weaker Levels After Data
Posted to: Micro News
Tuesday, April 15, 2014 8:51 AM

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

There hasn't been a decisive move in MBS or Treasuries yet, following the 830am economic data.  If you had to assign a label, it's probably "sideways" for now.  The only downside is that bonds were slightly weaker overnight, confirming yesterday's late weakness in MBS.

The losses haven't been extreme with Fannie 4.0s down only 2 ticks on the day.  10yr yields are up 1.6b3 ps at 2.655--under the 2.663 highs from earlier this morning.

The economic data was a mixed bag with inflation being slightly hotter than forecast and the NY Fed Manufacturing numbers being weaker.


  • +0.2 vs +0.1 forecast 
  • Core CPI (excludes food and energy) +0.2 vs +0.1 forecast
  • Year over year Core CPI +1.7 vs +1.6 forecast

Markets looked like they might have been reacting to the traction in inflation data right at 8:30am, but perhaps the lackluster manufacturing data helped balance the outlook.

Empire State Manufacturing

  • +1.29 in April vs +8.0 forecast, +5.61 in March
  • Employment Index +8.16 vs +5.88 in March
  • 6-Month Outlook +38.23 vs +33.21 in March

The next data this morning will be the NAHB Housing Market Index at 10am.

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 3.68%
  • |
  • 15 Yr FRM 2.96%
  • |
  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
  • 30YR FNMA 4.5 108-28 (0-02)
  • |
  • 30YR FNMA 5.0 110-21 (0-00)
  • |
  • 30YR FNMA 5.5 111-28 (0-03)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%