Today's NYSE outage is all anyone can talk about at the moment, but markets haven't really paid it much attention.  Keep in mind that a majority of trading happens elsewhere.  If the CME and NYSE were down simultaneously, it would be a much bigger deal, but even then, cash trading in Treasuries and MBS would continue.

To put the impact in perspective, let's consider S&P futures, the traders' choice when it comes to "the stock market."  Prices were as low as 2043 overnight, and had been at domestic-session lows of 2047 before the NYSE outage.  After the outage, prices briefly returned to 2043 and are now back up to 2047.  Pretty ho-hum, especially in light of yesterday's 2035 lows.

Bond markets have been even less interesting, holding a narrow range today that rests well inside yesterday's highs and lows.  On a positive note, that narrow range is at least in slightly stronger territory than yesterday's closing levels--thus making for green on the screen and rate sheet improvements.

MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
MBS
FNMA 3.0
100-03 : +0-08
FNMA 3.5
103-12 : +0-06
FNMA 4.0
106-04 : +0-04
Treasuries
2 YR
0.5730 : -0.0160
10 YR
2.2280 : -0.0270
30 YR
3.0050 : -0.0300
Pricing as of 7/8/15 1:00PMEST
Morning Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
10:40AM  :  "Inside Day" So Far as Bonds Hold Overnight Gains
Live Chat Featured Comments
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Sung Kim  :  "the liquidation of assets is a pretty big deal"
Sung Kim  :  "these new FNMA changes are huge"
Jason Harris  :  "David....I have the same deal now....not with Flag....but I am assuming that as long as you have 5% own funds reserves can come from either borrower....have not researched it but can find anything other than guides saying 5% must be from occ"
David Steckel  :  "Anyone know off hand if flagstar will count non oc co assets for reserves?"
Matthew Graham  :  "RTRS - U.S. TREASURY'S LEW SAYS EUROPE, GREECE NEED A DEAL"
Matthew Graham  :  "in the meantime, we have utterly shocking, groundbreaking headlines to cover from the world's most dynamic and interesting financial official"