Today was a freebie for bond markets (and stocks to some extent).  In the grand scheme of things, no one will look back at today and conclude anything meaningful.  If anything, it will just look like a very calm, very flat trading day following a 3-day weekend for bonds.

Yields hit new 7-year+ highs in the overnight session, but early domestic traders were finally interested in owning bonds at current levels.  Several big block trades hit the screen just before and after 8am ET, and these effectively set the tone for the rest of the morning.  

In the absence of data and despite a bounce in stocks (not that we should expect stocks and bonds to be moving in the same direction at the moment), bonds continued drifting toward their best levels of the day just after 11am.  They stayed sideways in that range--quite uneventfully--for the rest of the session.

The week gets more serious tomorrow with the onset of economic data and Treasury auctions, but Thursday is even more relevant due to the 8:30am CPI report.


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 4.5
102-17 : +0-06
Treasuries
10 YR
3.2063 : -0.0207
Pricing as of 10/9/18 5:11PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
10:34AM  :  Slightly Stronger So Far This Morning

MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Nathan Stotlar  :  "Great job MG!"
Tom Schwab  :  "MG - great job representing our industry. thank you."
Ted Rood  :  ""Our next guest....thanks for being with us, MG. Now, let's talk Starbucks.""
Matthew Graham  :  "Wow, pretty anticlimactic there. Got pinched for time due to Starbucks"
E S  :  ""attempts"...LOL!!!"
Ted Rood  :  ""Our next guest attempts to maintain order amid a rowdy chat room of loan originators, some days with moderate success....."?"
Rob Clark  :  "Should be coming up. Get cramer to stop talking."
John Tassios  :  "congrats MG, well deserved to have your voice and opinions heard"
E S  :  "They just did a teaser on CNBC about Mortgage Rates, I think MG's segment is very soon"
Matthew Graham  :  "Gonna be on CNBC power lunch here in a few minutes. The color of my tie will be green"

Economic Calendar
Time Event Period Actual Forecast Prior
Wednesday, Oct 10
7:00 MBA Purchase Index w/e 240.7
7:00 Mortgage Refinance Index w/e 945.9
8:30 Core Producer Prices YY (%)* Sep 2.5 2.3
8:30 Producer Prices (%) Sep 0.2 -0.1
10:00 Wholesale inventories mm (%) Aug 0.8 0.8
11:30 3-Yr Note Auction (bl) 36
13:00 10-yr Note Auction (bl)* 23