Excruciatingly low holiday volumes magnified the existing downtrend today, bringing MBS prices back to the lower-middle of their downwardly-sloped trading range from late October.  Viewed in that light (as a range-bound extension of a preexisting trend), there's no drama and nothing interesting about today. 

It's just a bit of a downer to traverse a good portion of the trading range in one day.  In defense of the sell-off, today's data was pretty unfriendly.  This was more of a factor for Durable Goods at 8:30am as far fewer traders remained interested by 10am New Home Sales. 

Fannie 4.0

MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
FNMA 3.0
94-28 : -0-19
FNMA 3.5
99-08 : -0-16
FNMA 4.0
102-24 : -0-11
2 YR
0.3992 : +0.0162
10 YR
2.9830 : +0.0540
30 YR
3.8984 : +0.0544
Pricing as of 12/24/13 2:00PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
9:27AM  :  Slightly Weaker Overnight; Strong Durable Goods Report Didn't Help
8:38AM  :  ECON: Durable Goods Much Stronger Than Expected