Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,270
# of Questions
Place your ad here

Site Tools

Join Now or Sign In
for Full Access to All Features
Mortgage Rates
National Average   % Change
30 Yr FRM 3.78% -0.01%
15 Yr FRM 3.04% 0.00%
1 Yr ARM 2.75% -0.03%
5/1 Yr ARM 2.83% 0.00%
30 YR 2.85% -0.02%
Fed Prime 3.25% 0.00%
View: Rates | Charts
Blogs: MBS Commentary | Rate Watch

Subscribe

Recent Video

It's likely to be the fifth straight summer that...

Recent Posts

Tags

Archives

Receive Free Email Alerts
Stay up to date on breaking news and blog posts with our free News Alert Service. 
Notice: 'Top News' and 'Fed and Economy Watch', have been combined into a new channel called 'MND Newswire'. Check back daily for the latest housing and economic news.

The new url for MND Newswire is http://www.mortgagenewsdaily.com/news/

Treasury Announces Reopenings, Strategists Say Will be "Huge" Help

The U.S. Treasury announced a series of snap Treasury reopenings in the off-the-run issues in an apparent effort to improve liquidity.

The Treasury will hold two of the auctions on Wednesday. The first is for $10 of a note expiring in 6-years and 7-months and will take place at 11:30 a.m. EDT. The second is for an additional $10 billion on a 6-year 10-month note at 1 p.m. EDT.

This will be a huge help to the specials in repo and dislocations in off-the-runs," said David Ader, U.S. government bond strategist at RBS Greenwich Capital. "Trying to issue news securities with those specials made dealer setups problematic and would have made for very weak receptions."

The third auction will sell $10 billion in a 9-year 4-month reopening at 11:30 a.m. EDT on Thursday.

By Adam Button and edited by Sarah Sussman
©CEP News Ltd. 2008

Filed under: ,
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.82%
  • |
  • 15 Yr FRM 3.09%
  • |
  • Jumbo 30 Year Fixed 4.12%
MBS Prices:
  • 30YR FNMA 4.5 107-03 (0-02)
  • |
  • 30YR FNMA 5.0 108-10 (0-02)
  • |
  • 30YR FNMA 5.5 109-01 (0-02)
Recent Housing Data:
  • Mortgage Apps 9.18%
  • |
  • Refinance Index 12.97%
  • |
  • Purchase Index -2.38%

Comments

Join Now or Login to Post Comments

 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.82%
  • |
  • 15 Yr FRM 3.09%
  • |
  • Jumbo 30 Year Fixed 4.12%
MBS Prices:
  • 30YR FNMA 4.5 107-03 (0-02)
  • |
  • 30YR FNMA 5.0 108-10 (0-02)
  • |
  • 30YR FNMA 5.5 109-01 (0-02)
Recent Housing Data:
  • Mortgage Apps 9.18%
  • |
  • Refinance Index 12.97%
  • |
  • Purchase Index -2.38%
Our Story
Founded in 2004, Mortgage News Daily has established itself as a leader in housing news, analysis and data. Our innovative social media platform combines industry leading content and data with an active community of industry professionals, to accomplish our primary goal - keeping our readers informed.
Total Members
75,352
Home - About - Contact - Sitemap - Disclaimer - Privacy Statement - Advertising - RSS
All Content Copyright © 2003 - 2012 Brown House Media, Inc. All Rights Reserved.
Reproduction in whole or in part in any form without the express written permission of MortgageNewsDaily.com is prohibited.

Mortgage News Daily is a CNBC Partner Site.

X
Track Mortgage Rates Daily with our Free Daily Rate Updates. There are several ways to follow daily rate movements, including:
     (view an example)
Email Address:   Zip Code:  
RSS - Subscribe to our Daily Rate Update RSS Feed.
Twitter - Follow our Daily Rate Update on Twitter.
Facebook - Follow our Daily Rate Update on Facebook.
Bookmark - Bookmark our rates page and visit daily for updates.
Mobile Apps - There's an App for this too. Learn more about our Mobile Apps.