Bond markets were weaker overnight with yields on 10yr Treasuries rising above 2.86 early this morning. Some of the weakness was attributed to a Wall Street Journal article discussing the likelihood that the Fed will remain on track with tapering at next week's meeting/announcement. The stance was similar to that shared here over a week ago:
"We're most likely to find that one bad jobs report means very little in the grand scheme of things and FOMC members have said as much. "
Even so, some of the market had clearly not been on board with that, as evidenced by last Tuesday's trading. Pieces like last night's WSJ article serve to reign in some of that counter-trend sentiment and in this case, bring yields back up.
The move was fairly small in the big picture and with the help of heavy selling in equities markets, bonds are back to unchanged levels presently.
MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing
is available via MBS Live.
| MBS || |
96-07 : +0-00
100-19 : +0-00
104-03 : +0-01
| Treasuries || |
0.3755 : -0.0035
2.8268 : +-0.0002
3.7428 : -0.0142
| Pricing as of 1/21/14 11:52AMEST |
Morning Reprice Alerts and Updates
9:24AM : Weaker Overnight, Bouncing Back Somewhat; Hilsenrath Article Analysis
Live Chat Featured Comments
John Sheadel : "Is anyone speaking this week? And when is the FOMC's next monkey wrench due? Does anyone know off the top of their head?"
Matt Hodges : "check out federalreserve.gov"
Roger Moore : "has anyone received LP approval on HARP loan at 55% lately?"
Scott Davis : "RM, nope. struggling with a 49.6 as we speak..."
Ross Miller : "RM, I just got a streamlined approval yesterday at 54%"