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You are viewing Micro News from Wednesday, Jan 29, 2014 - View all recent Micro News
  • 1/29/14
    As far as knee-jerk reactions to FOMC Announcements...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
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  • 1/29/14
    Still More Volatility Than Directionality Following Fed

    Since the release of the FOMC Announcement, bond markets have done more to move sideways than to embark on a convicted sell-off.  In fact, 10yr yields are back in the 2.71's after briefly breaking over 2.73.  MBS held a supportive line at 104-13 and are now back up to 104-16.  Until/unless these previous limits are broken, reprice risk remains more limited. 

    At current levels, most lenders are only 4 ticks weaker than rate sheet print times.  That leaves the door open for an aggressive lender, but doesn't force anyone's hand.  The reaction is still unfolding, however, and the lack of negative follow-through isn't necessarily positive.

    Category: MBS, UPDATE
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  • 1/29/14
    The FOMC maintained the pace of tapering, reducing...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
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  • 1/29/14
    Bond Markets hit Best Levels in 2 Months

    Treasuries have inched down to their lowest yields, and MBS to their highest prices in just over 2 months.  The gains arrive in the absence of any significant inspiration.  Interestingly enough, the Turkish Lira--a poster child for the emerging market sell-off--hasn't participated in this latest move. 

    10's fell briefly to 2.70 from previous lows of 2.706.  They're currently back at 2.708, 4bps lower on the day.  Fannie 4.0 MBS are 9 ticks higher at 104-20.  Positive reprices are only possible based on the stability of the day's gains.  Most lenders released rate sheets after the morning rally, meaning that prices aren't much higher--if at all--from rate sheet print times.

    Category: MBS, UPDATE
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  • 1/29/14
    As far as knee-jerk reactions to FOMC Announcements...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 1/29/14

    Since the release of the FOMC Announcement, bond markets have done more to move sideways than to embark on a convicted sell-off.  In fact, 10yr yields are back in the 2.71's after briefly breaking over 2.73.  MBS held a supportive line at 104-13 and are now back up to 104-16.  Until/unless these previous limits are broken, reprice risk remains more limited. 

    At current levels, most lenders are only 4 ticks weaker than rate sheet print times.  That leaves the door open for an aggressive lender, but doesn't force anyone's hand.  The reaction is still unfolding, however, and the lack of negative follow-through isn't necessarily positive.

    Category: MBS, UPDATE
    Share:   
  • 1/29/14
    The FOMC maintained the pace of tapering, reducing...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 1/29/14

    Treasuries have inched down to their lowest yields, and MBS to their highest prices in just over 2 months.  The gains arrive in the absence of any significant inspiration.  Interestingly enough, the Turkish Lira--a poster child for the emerging market sell-off--hasn't participated in this latest move. 

    10's fell briefly to 2.70 from previous lows of 2.706.  They're currently back at 2.708, 4bps lower on the day.  Fannie 4.0 MBS are 9 ticks higher at 104-20.  Positive reprices are only possible based on the stability of the day's gains.  Most lenders released rate sheets after the morning rally, meaning that prices aren't much higher--if at all--from rate sheet print times.

    Category: MBS, UPDATE
    Share:   
 
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