|This email was sent to you by:|
Harry Chriest |
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 Stronger Overnight; Limited Activity So Far
Posted to: Micro News
Monday, July 07, 2014 9:15 AM
On paper, this week looks like a snoozer. In early trading, this morning has given us no reason to believe otherwise as rates/prices are little-changed from Friday's latest.
This was less clearly the case at the start of the overnight session. Treasuries were weaker out of the gate, trading as high as 2.661 during Asian hours. Those levels were only seen briefly at the open, and improved steadily since then.
Treasuries are outperforming MBS slightly compared to Friday's ranges. 10yr yields are are near their best 2-day levels (2.632 vs 2.627) while MBS still have a bit of a gap to close (102-02 this morning vs 102-07 on Friday morning).
There are no significant scheduled events on tap today, and participation has been light so far.
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.