Friday's Recap
- Tsy's and MBS rallied fairly well, but gave most of it back by day's end.
- Bullish Consumer Sentiment
- 10 yr touched the 3.4's before selling. 5.0 FNMA MBS were back near 102-00
- quarter end remains a big variable for flows, ostensibly pushing the tsy bid vs. MBS.
The AM So Far...
- 10yr Tsy pushed back into 3.4's. 3.4's pushed back.
- MBS up, but again, Tsy's leading the charge into quarter end.
- quarter end remains a big variable for flows, ostensibly pushing the tsy bid vs. MBS. (echo?)
- Wary about selling early this week, hoping for positivity to pick up as week progresses.
- Keep fingers on triggers for short term deals
Charts
2s vs. 10s: 240
6/26 EFFECTIVE FED FUNDS: -0.01 to 0.18 from 0.19
LIBOR FIXINGS
O/N LIBOR: -0.0012 to 0.2637 from 0.2650
1 MONTH: -0.0012 to 0.3088 from 0.3100
3 MONTH: -0.0006 to 0.5969 from 0.5975
6 MONTH: +0.0225 to 1.1175 from 1.0950
1 YEAR: +0.0063 to 1.5975 from 1.5912
MBS Market Alerts
