Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
116,825
# of Subscribers
 

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 6 and 2 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 Stronger After Quiet (Nonexistent) Overnight Session
Posted to: Micro News
Monday, May 05, 2014 9:09 AM

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

Cash trading in US Treasuries was closed overnight due to market closures in Tokyo and London.  There wasn't a total absence of activity, however, as futures remained open.

Movement was limited, but took initial cues from weaker data in China.  Some measure of bond market positivity also remains in place from ongoing geopolitical risk.

The tone has remained positive through the first hour of domestic trading with 10yr yields prodding Friday's lows, but not yet breaking them--currently down 1.6bps to 2.577. Fannie 4.0s are 3/32nds higher at 105-05, right in line with Friday's best levels.

This morning's significant data arrives at 10am with ISM Non-Manufacturing, expected to come in at 54.4 vs 53.4 previously.




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 4.20%
  • |
  • 15 Yr FRM 3.33%
  • |
  • Jumbo 30 Year Fixed 4.04%
MBS Prices:
  • 30YR FNMA 4.5 107-29 (0-01)
  • |
  • 30YR FNMA 5.0 110-09 (0-00)
  • |
  • 30YR FNMA 5.5 110-26 (-0-03)
Recent Housing Data:
  • Mortgage Apps 2.43%
  • |
  • Refinance Index 4.14%
  • |
  • FHFA Home Price Index 0.67%