Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
33,877
# of User Comments
 

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 2 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:
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.
Following Europe to Stronger Levels
Posted to: Micro News
Wednesday, June 11, 2014 10:45 AM

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

Treasuries remain glued to European bond markets with stock weakness playing a supporting roll.  The big deal (relatively) so far is that today is the first day of negative deposit rates in the EU, and several core short-maturity sovereign debt instruments (like Germany's 2yr) are hitting the unprecedented 0.00% level. 

Europe saw its second most aggressive rally of the day heading into 10am.  German 10yr Bunds broke into new lows, and US 10yr Treasuries did the same mere moments later.  10's are now down 2bps at 2.617.  The technical level of 2.66 hit overnight looks more and more like it will have acted as a supportive ceiling by the end of the day--as long as we get through the 10yr auction without too much trouble.

MBS are doing a decent job of keeping up with the gains, but not aggressively so.  Fannie 3.5s are up 5 ticks day-over-day, but only 1 of them since the first round of rate sheets.




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 4.03%
  • |
  • 15 Yr FRM 3.21%
  • |
  • Jumbo 30 Year Fixed 3.92%
MBS Prices:
  • 30YR FNMA 4.5 108-13 (0-01)
  • |
  • 30YR FNMA 5.0 110-22 (0-02)
  • |
  • 30YR FNMA 5.5 111-17 (-0-01)
Recent Housing Data:
  • Mortgage Apps 11.56%
  • |
  • Refinance Index 23.29%
  • |
  • FHFA Home Price Index 0.67%