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MBS CLOSE: Ticked Up A Bit After Hours

by Matthew Graham

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5.0's ticked up a bid after the book close, 4.5's ticked down. the 10yr went sideways a mere 3/1000's off 3.5 even. Likewise, 4.5's and 5.0's are both within a tick of 100-00 on 102-00 respectively. Talk about technical gravity!

Nothing pressing at the moment that hasn't been discussed already today, but we may get back to you with some weekend content. PLEASE REMEMBER! Tomorrow = no trading = no blog! With that, we'll leave you with the day's charts and wish you a safe and happy holiday weekend just in case we don't get back to you before the 4th...

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J. 'Hammer' Helmer | Contact or Connect with this Member

Vacation..................ahhhhhhhh

Craig LaBruno | Contact or Connect with this Member

Your telling me. I'm starting to think that we're never gonna see 4.75% again regardless of what happens on the Street.

Clifford Hufnagle | Contact or Connect with this Member

I'll be happy with a 5.0 sometime Monday. Not asking for too much, right?

Gary Powell | Contact or Connect with this Member

MBS and the 10 YR. TYS are going to have to re-connect at some point if it keeps falling like it has been and the spread will tighten. It may take the rest of the summer to happen though. I, like a lot of LO's have a lot of refi customers in a holding pattern waiting for that to happen. The purchase customers are just all holding their breath and I have most floating to close and a 5 day lock as we see some small improvements in the short term. I have my mouse hovering over the lock button on them though, and a close eye on hourly MBS quotes.

Adam Quinones | Contact or Connect with this Member

S&P looks poised for test of 888....if equities break support we might benefit from healthy "down in coupon" MBS rally

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