With no major economic data on the calendar, and no game-changing headlines to react to, bond markets have been content to follow stocks so far this morning.  Stocks are weaker and bonds are stronger.  There's not much more to it than that.

This dynamic didn't really begin until the domestic session.  Overnight trading was quiet as Japanese markets were closed for a holiday.  European trading was sideways on either side of unchanged.  Stocks and bond yields began sliding together just after 8am.

MBS have generally been doing a better job of keeping pace with Treasuries since Friday.  Fannie 3.5s are the most relevant coupon for rate sheets at the moment and they're up nearly a quarter of a point on the day.

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
98-26 : +0-08
FNMA 3.5
102-20 : +0-06
FNMA 4.0
105-23 : +0-04
2 YR
0.4919 : +0.0119
10 YR
2.4566 : -0.0274
30 YR
3.2490 : -0.0430
Pricing as of 7/21/14 11:35AMEST

Morning Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
10:47AM  :  Bond Market Gains Accelerate as Stocks Slide
9:01AM  :  Bond Markets Hold Gains Through Weekend as Global Tensions Intensify

Live Chat Featured Comments
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Clayton Sandy  :  "talked with credit plus and they said it's transunion that's reporting all the lates. Said I need to have them update it."
joon choi  :  "there's a du override code CR Confirmed PFS"
Clayton Sandy  :  "anybody have any luck at getting a short sale being reported as a foreclosure updated on credit so DU will read it correctly? "