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You are viewing Micro News from Friday, May 9, 2014 - View all recent Micro News
  • 5/9/14
    Bond Markets Finding Footing Into Afternoon Hours

    Bond markets hit their worst levels of the day just before 1pm, but have slowly been bouncing back since then.  10yr yields are back down to 2.616 and Fannie 3.5s are back up to 101-28 after hitting 101-25 earlier. 

    Several lenders issued negative reprices, and while the risk remains to some extent, it's mitigated by this bounce.  In other words, some lenders who may have been considering a negative reprice will now hold off as long as current levels are holding.

    Category: MBS, UPDATE
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  • 5/9/14
    Bond Markets are now moving into the position we warned...
    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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  • 5/9/14
    MBS prices are down another tick from the last alert...
    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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  • 5/9/14
    MBS have fallen to their lows of the day, with Fannie...
    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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  • 5/9/14
    Bond Markets Slightly Weaker in Domestic Session

    Bond markets didn't do much overnight, but are now moving into slightly weaker territory in the domestic session.  European bond market losses and stock market strength are both weighing on Treasuries.  In addition, there's the short-term technical landscape noted in this morning's day ahead (the lower, busier chart with the bullet-point breakdown).

    Fannie 3.5s are down 4 ticks (it looks like more because of the roll) to 101-29 and Fannie 5.0s are down 1 tick at 105-00.  Fannie 3.5s are officially a more important indicator now, but don't ignore 4.0s, as either could motivate reprice risk.

    There is no significant economic data on tap, though Wholesale Inventories at 10am is almost significant.

    Category: MBS, UPDATE
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  • 5/9/14

    Bond markets hit their worst levels of the day just before 1pm, but have slowly been bouncing back since then.  10yr yields are back down to 2.616 and Fannie 3.5s are back up to 101-28 after hitting 101-25 earlier. 

    Several lenders issued negative reprices, and while the risk remains to some extent, it's mitigated by this bounce.  In other words, some lenders who may have been considering a negative reprice will now hold off as long as current levels are holding.

    Category: MBS, UPDATE
    Share:   
  • 5/9/14
    Bond Markets are now moving into the position we warned...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 5/9/14
    MBS prices are down another tick from the last alert...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 5/9/14
    MBS have fallen to their lows of the day, with Fannie...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 5/9/14

    Bond markets didn't do much overnight, but are now moving into slightly weaker territory in the domestic session.  European bond market losses and stock market strength are both weighing on Treasuries.  In addition, there's the short-term technical landscape noted in this morning's day ahead (the lower, busier chart with the bullet-point breakdown).

    Fannie 3.5s are down 4 ticks (it looks like more because of the roll) to 101-29 and Fannie 5.0s are down 1 tick at 105-00.  Fannie 3.5s are officially a more important indicator now, but don't ignore 4.0s, as either could motivate reprice risk.

    There is no significant economic data on tap, though Wholesale Inventories at 10am is almost significant.

    Category: MBS, UPDATE
    Share:   
 
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