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

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 4 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:
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.
Consumer Sentiment Weaker Than Expected; Limited Response in Bond Markets
Posted to: Micro News
Friday, May 16, 2014 10:05 AM

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

Bond markets had been leaking into weaker territory most of the morning.  While there's no telling if that trend will resume shortly, it's at least been placed on hold by a much weaker than expected reading on Consumer Sentiment.  Here's the run-down:

  • Consumer Sentiment (overall) 81.8 vs 84.5 forecast
  • 'Current Conditions' 95.1 vs 99.0 forecast (lowest since November)
  • 'Expectations' 73.2 vs 75.0 forecast

There has been almost no reaction in Treasuries or MBS, but if we look through a microscope at the moment to moment activity at 9:55am, trading levels stopped leaking at that point and are now considering where to go next.  10yr yields are up 1.2bps on the day at 2.514 and Fannie 3.5s are down 6 ticks at 102-13

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 3.63%
  • |
  • 15 Yr FRM 2.92%
  • |
  • Jumbo 30 Year Fixed 3.60%
MBS Prices:
  • 30YR FNMA 4.5 108-30 (-0-02)
  • |
  • 30YR FNMA 5.0 110-22 (0-03)
  • |
  • 30YR FNMA 5.5 111-26 (-0-02)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%