MBSonMND: MBS RECAP
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FNMA 3.5
101-00 : -0-13
FNMA 4.0
104-01 : -0-09
FNMA 4.5
105-31 : -0-05
FNMA 5.0
107-24 : -0-02
GNMA 3.5
103-01 : -0-11
GNMA 4.0
106-10 : -0-10
GNMA 4.5
108-23 : -0-07
GNMA 5.0
110-11 : -0-02
FHLMC 3.5
100-27 : -0-13
FHLMC 4.0
103-27 : -0-10
FHLMC 4.5
105-23 : -0-05
FHLMC 5.0
107-15 : -0-02
Pricing as of 4:03 PM EST
Afternoon Market Updates
A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBSonMND Dashboard .
3:58PM  :  Tomorrow's Economic Calendar Dies Down as FOMC Approaches
It's almost as if the last of this morning's data marked the end of the trading week as tomorrow contains only Treasury International Capital at 9am and Consumer Sentiment at 955am.

Next week will be the 2 day Fed Meeting (20th and 21st) mentioned in the last FOMC announcement and it certainly seems that bond markets are beginning to favor sideways momentum heading into it.

For a detailed look at tomorrow's data, check out the following link:
1:12PM  :  China's Help for Europe Carries Political Price Tag
(Reuters) - China's push for the troubled European Union to recognize it as a market economy is more about political status than economic concession, but experts doubt Beijing can leverage purchases of euro zone debt to achieve it.

As Chinese premier Wen Jiabao presented it at a conference on Wednesday, the trade-off was clear enough: Europe can get a bigger slice of China's $3.2 trillion in foreign exchange reserves in return for treating China as a market economy.

But analysts say China has to keep buying euro bonds anyway and the 27-member European Union is unlikely to bow to Beijing's demand, even if it is more about symbolism than substance.

"We cannot say that China will buy European bonds only if it's given market economy status. China will invest if it thinks it is necessary," said Ding Zhijie, a professor at the University of International Business and Economics.

The drive for market economy status is not new. Since it joined the World Trade Organisation in 2001, Beijing has regularly pressed for such recognition, which it will receive automatically in 2016.

Without it, China is more vulnerable to EU trade actions.
Featured Market Discussion
A recap of the featured comments from the Live Discussion on the MBSonMND Dashboard .
Matthew Graham  :  "would certainly explain the EXTREME die-down in volume after the bigger moves this AM"
Matthew Graham  :  "shows how 10's went from trending to sideways on today's ECB news, ostensibly in early preparation for next week's FOMC"
Matthew Graham  :  "http://www.mortgagenewsdaily.com/mortgage_rates/blog/229051.aspx there ya go"
Matthew Graham  :  "sneak peak timmay: All this has been far more independent from stock market movements than much of the recent "stock lever" action we've seen. Treasuries have benefitted to greater degree than stocks have lost-out during the course of the recent risk-off trade. Last time stocks were at today's levels, 10's were about 4 bps lower. The ECB news this morning mitigates the "risk-off" vibe--the one that had been benefitting treasuries more than hurting stocks, right? So it's the same process in "
Matthew Graham  :  "blog post imminent"
Timothy Baron  :  "stock lever disengaged of late?"
Timothy Baron  :  "ST email said it was a repost, not a reprice."
Ray J  :  "PF .125 better"
Matt Hodges  :  "ST priced...initially?"
Chris Round  :  "Hello everyone, just an enthusiastic consumer here. I am still watching and listening to the securities and conversations on the dashboard. I have been so deep in this mortgage refinance that I am considering quitting my day job in gov financeā€¦lol. I love this site, im considering buying the subscription after my 2 week trial is up."