There's very little to observe and even less to conclude about the day of MBS trading so far. Fannie 4.0s have held within 2 ticks of 102-24 since 9:30am, and haven't so much as blinked during that time. 10's have maintained a slightly negative bias (moving higher in yield), but have done so in narrow range as well--just not as narrow or stable as MBS. With less than an hour left, it doesn't look like this will change between now and the close. Tomorrow is similarly empty in terms of economic data, though the 3yr Treasury Auction kicks off the week's auction cycle at 1pm.
MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing
is available via MBS Live.
Pricing as of 4:08 PM EST
Afternoon Reprice Alerts and Updates
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Live Chat Featured Comments
Andrew Horowitz : "Brokers and LO's are to blame for everything Dio, haven't you figured that one out yet"
Victor Burek : "so the gfees aren't to blame?/"
Andy Pada : "or a Fed. President"
Dio Vannucci : "I saw an article talking about how mortgages are costing more and that the brokers/LOs are to blame, to that I say that we are only charging incrementally more for what is exponentially more work."
Dio Vannucci : "I think that worse than increasing rates is the over constriction of guidelines right now. It is ridiculous these days to get a loan done. "
Scott Rieke : "I assume he has some form of PhD of course"
Scott Rieke : "I'm sorry, I just jumped in... who's this idiot speaking?"
Gus Floropoulos : "tell that to my clients Williams"
Matthew Graham : "RTRS- WILLIAMS: NOT TOO CONCERNED THAT HIGHER MORTGAGE RATES WILL DAMPEN HOUSING RECOVERING, RATES STILL LOW "
Matthew Graham : "RTRS- WILLIAMS: BERNANKE'S REMARKS ON TAPERING IN JUNE DEFLATED AN EMERGING BUBBLE IN THE BOND MARKET "
Matthew Graham : "Usually only when they're forced to. Mid 2011 comes to mind. Also, keep in mind that re: "obvious," the wires would often make more sense in the context of the speech. This was likely in response to a "Q" during the Q&A."
Gary Bracht : "MG, gee, there is a blinding flash of the obvious with Fed policy thinkers...wonder if other branches of the government might ponder that question too?"
Matthew Graham : "RTRS- WILLIAMS: FED DOES NEED TO THINK ABOUT UNINTENDED CONSEQUENCES IN FORMULATING MONETARY POLICY "