Posted
Yesterday's Recap
- Tsy's Rallied as MBS rallied a bit less...
- Super Mega 2yr auction, but no one cared
- Low Volume, Low volatility before Fed
The AM So Far...
- Durable goods up 1.8%, Tsy's and MBS sell sell sell...
- Massive injection from ECB, libor breaking all kinds of records..
- Fed still the headline, but Durable goods results not friendly
- Spreads dramatically tighter as tsy's sell appreciably while MBS hold within an eighth of steady
Charts
(these DO NOT include the recent impact of durables. Check the rates page for latest changes)
Here's an idea of the longer term:
MBS QUOTES
Finally, here's a little easter egg I put together for you last night just to give you cliff notes on Fed meetings over the last year set against the backdrop of MBS prices. Read into what you will. I have no educational agenda in posting it. What are your thoughts? What is this chart telling you? You'll probably need to click through to a larger version, which is HERE.
S&P Futures: +9.30 (+1.04%) to 899.50
6/23 EFFECTIVE FED FUNDS:
+0.00 to 0.24 from 0.24
LIBOR FIXINGS
O/N
LIBOR: -0.0019 to 0.2756
from 0.2775
1
MONTH: -0.0025 to
0.3113 from 0.3137
3 MONTH: -0.0031 to
0.6044 from 0.6075
6
MONTH: -0.0175 to
1.1313 from 1.1487
1 YEAR: -0.0375 to
1.6400 from 1.6775
Secondary Marketing Managers and Capital Markets Desks, if you are interested in subscribing to the same fixed income and mortgage market data we use:
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