Considering that today's trading range wasn't meaningfully wider than Friday's AND that closing prices look like they'll fall inside Friday's range, today has turned out to be a relatively drama-free month-end/quarter-end trading session.  That didn't look like it would be the case as Fannie 3.5s made a dash from the highs to the lows at 9:30am, but they recovered into the afternoon.

Economic data didn't play a big role today as bond markets were generally moving in the opposite direction from that suggested by the data.  Bigger considerations included quarter-end trading needs and corporate bond market hedging needs (large firms offering corporate debt frequently use Treasuries to hedge their interest rate risk). 

Since the 3pm Treasury Pit close, bonds have been slipping a bit, but this is more noticeable in MBS.  MBS Live members may see a late-day reprice alert, though it would only apply to a select few of the most sensitive lenders.

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
98-23 : +0-03
FNMA 3.5
102-27 : +0-03
FNMA 4.0
106-02 : +0-03
2 YR
0.4607 : +-0.0003
10 YR
2.5232 : -0.0088
30 YR
3.3499 : -0.0131
Pricing as of 6/30/14 3:49PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
10:57AM  :  IMPORTANT: New Version of MBS Live Available
10:41AM  :  MBS Snap Back from Morning's Weakest Levels
9:50AM  :  ALERT ISSUED: MBS and Treasuries now at Weakest Levels Despite Tame Chicago PMI
9:20AM  :  Bond Markets Moderately Stronger Overnight With Help From Europe

MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Matt Hodges  :  "correct; the notes clearly state no 50%+"
Morgan Hammer  :  "But not over 50% right MH"
Matt Hodges  :  "still using 9.1"
Morgan Hammer  :  "Anyone see a DU approve at 49% recently? My LTv is low and good credit. "
Ben Biscoe  :  "guy has to have interest only ARM so sending it to US Bank. they require transcripts. could take it elsewhere and be fine but trying to make it work for the product he wants."
Sung Kim  :  "there is a tax payer advocacy center he/she can call, but help me understand why your u/w wont take the cxld check and copy of the tax returns?"
Ben Biscoe  :  "anyone know how a borrower can check the status of transcripts with the IRS? i have a guy who filed prior to 4/15, has a cancelled check from april 13th where he paid his taxes, but still no transcripts. "