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

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 3 and 6 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 Hold Gains Through Weekend as Global Tensions Intensify
Posted to: Micro News
Monday, July 21, 2014 9:01 AM

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

As we discussed late last week, the ability for bond markets to hold gains related to geopolitical risk would be predicated on those risks intensifying.  Arguably, that's the case in both Ukraine and Gaza over the weekend as hostilities and casualties increased.

That said, there weren't any surprises to catch markets off guard in the same way that some of last week's did.  As such, the bond market gains are modest.

Japanese markets were closed for a national holiday, making for a slow start to the overnight session.  The European session saw sideways movement in core government debt.  German Bunds (10yr) traded modestly to either side of all time low yields

Treasuries traded on either side of Friday's close, but have edged into slightly more positive territory as the domestic session gets underway.  MBS opened in line with Friday's close, but have added 2 ticks so far, bringing Fannie 3.5s to 105-21.

There are no significant events on the calendar, leaving the focus geopolitics and perhaps domestic stock trading.

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 3.61%
  • |
  • 15 Yr FRM 2.95%
  • |
  • Jumbo 30 Year Fixed 3.45%
MBS Prices:
  • 30YR FNMA 4.5 108-18 (0-01)
  • |
  • 30YR FNMA 5.0 110-13 (-0-02)
  • |
  • 30YR FNMA 5.5 112-04 (0-02)
Recent Housing Data:
  • Mortgage Apps -2.58%
  • |
  • Refinance Index 0.28%
  • |
  • Purchase Index -7.02%