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You are viewing Micro News from Monday, Apr 7, 2014 - View all recent Micro News
  • 4/7/14
    Still Holding Gains, Still Moving When Stocks Move

    Bond markets continue to enjoy a solid improvement on the day with 10yr yields down 3bps and Fannie 4.0s up 8 ticks.  MBS were another 2 ticks higher at their best levels of the day, but bounces in stocks have been seen as minor corrections in bond markets. 

    For now, although stocks moved on to lower lows, the 12:20pm bounce marked the day's best levels in Treasuries.  MBS, however, moved on to just slightly stronger territory as stocks hung around their lows from 130-230pm. 

    Bottom line: bond markets are moving when stocks move, although the magnitude can vary.  Positive reprice potential is ongoing if you haven't seen one yet. 

    Category: MBS, UPDATE
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  • 4/7/14
    The Fannie Mae 4.0 coupon just reached 104-14 which...
    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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  • 4/7/14
    Bonds Boosted Into Stock Market Open

    To a much greater extent than Treasuries, US stocks experience a surge of liquidity as the domestic "cash" session opens at 9:30am (both trade in futures markets earlier in the day).  Bigger moves in stocks around the opening bell can often correlate with bond market movement.

    Such is the case this morning as bond markets improved heading into 9:30am and added to gains afterward.  Stocks are seeing their first significant bounce of the morning, and it correlates well with a smaller bounce in Treasuries and MBS.

    10yr yields ran down to 2.695 at 9:45am and are back up to 2.706 presently.  Fannie 4.0s were as high as 104-12 and have eased just slightly to 104-10--still 3 ticks better than this morning's first update and 5 ticks better day-over-day. 

    Other than an asset-allocation trade (money shuffling between stocks and bonds), there have also been some tradeflow considerations (what's that?) as accounts dig in to the unofficial inception of the 2nd quarter (because market participants were waiting for cues from NFP).

    Category: MBS, UPDATE
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  • 4/7/14
    Bond Markets Essentially Unchanged Overnight

    Treasuries traded a narrow range overnight, moving only as high as 2.735 into the European session and bouncing back as core EU debt hit its weakest levels just after 5am.

    MBS opened perfectly in line with Friday's latest levels and are 2 ticks higher so far in Fannie 4.0s (104-07).

    There are not significant economic reports scheduled for today.  Insignificant reports (not market movers) include Employment Trends at 10am and Consumer Credit at 3pm. 

    Category: MBS, UPDATE
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  • 4/7/14

    Bond markets continue to enjoy a solid improvement on the day with 10yr yields down 3bps and Fannie 4.0s up 8 ticks.  MBS were another 2 ticks higher at their best levels of the day, but bounces in stocks have been seen as minor corrections in bond markets. 

    For now, although stocks moved on to lower lows, the 12:20pm bounce marked the day's best levels in Treasuries.  MBS, however, moved on to just slightly stronger territory as stocks hung around their lows from 130-230pm. 

    Bottom line: bond markets are moving when stocks move, although the magnitude can vary.  Positive reprice potential is ongoing if you haven't seen one yet. 

    Category: MBS, UPDATE
    Share:   
  • 4/7/14
    The Fannie Mae 4.0 coupon just reached 104-14 which...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 4/7/14

    To a much greater extent than Treasuries, US stocks experience a surge of liquidity as the domestic "cash" session opens at 9:30am (both trade in futures markets earlier in the day).  Bigger moves in stocks around the opening bell can often correlate with bond market movement.

    Such is the case this morning as bond markets improved heading into 9:30am and added to gains afterward.  Stocks are seeing their first significant bounce of the morning, and it correlates well with a smaller bounce in Treasuries and MBS.

    10yr yields ran down to 2.695 at 9:45am and are back up to 2.706 presently.  Fannie 4.0s were as high as 104-12 and have eased just slightly to 104-10--still 3 ticks better than this morning's first update and 5 ticks better day-over-day. 

    Other than an asset-allocation trade (money shuffling between stocks and bonds), there have also been some tradeflow considerations (what's that?) as accounts dig in to the unofficial inception of the 2nd quarter (because market participants were waiting for cues from NFP).

    Category: MBS, UPDATE
    Share:   
  • 4/7/14

    Treasuries traded a narrow range overnight, moving only as high as 2.735 into the European session and bouncing back as core EU debt hit its weakest levels just after 5am.

    MBS opened perfectly in line with Friday's latest levels and are 2 ticks higher so far in Fannie 4.0s (104-07).

    There are not significant economic reports scheduled for today.  Insignificant reports (not market movers) include Employment Trends at 10am and Consumer Credit at 3pm. 

    Category: MBS, UPDATE
    Share:   
 
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