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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
on
Vacation..................ahhhhhhhh
Craig LaBruno  |  Contact or Connect with this Member
on
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
on
I'll be happy with a 5.0 sometime Monday. Not asking for too much, right?
Gary Powell  |  Contact or Connect with this Member
on
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
on
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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