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

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 2 and 5 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 Slightly Better Than 'Unchanged' With Some Help From Europe
Posted to: Micro News
Wednesday, June 11, 2014 9:21 AM

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

The calendar of news, events, and economic data continues to be a lonely place.  At times like this there are almost always quite a few other places traders can look for inspiration, but at the moment, we do know that European bond market movement is one of those.

Case in point, the drift higher in Treasury yields in June shares all major lows and highs with Germany's 10yr debt ("Bunds").  After a slow start to the week, activity picked up in Europe this morning and Bunds saw their first salient bounce to lower rates since last week's ECB Announcement.

Treasuries followed the bounce after putting in their weakest levels of the day at 4:30am.  Incidentally, this occurred at 2.66, a potentially significant level noted in the Day Ahead.

While bouncing lower is always welcome when it comes to rates, today's bounce occurred at already weaker levels.  That leaves 10's just under half a bp lower on the day at 2.631.  For their part, MBS are outpeforming slightly (after underperforming into yesterday night's Roll. 

Fannie 3.5s are up 4 ticks at 101-27.  KEEP IN MIND, if you see charts of MBS today, it won't look like we're up 4 ticks, but again, this has to do with the Roll.  The left side of the MBS chart shows June coupon prices (because June was the oldest MBS bucket trading until yesterday) and the right side shows July.

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 4.5 108-26 (-0-02)
  • |
  • 30YR FNMA 5.0 110-22 (0-01)
  • |
  • 30YR FNMA 5.5 111-30 (0-02)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%