Friday's Recap
- Better data and earnings led stocks up and fixed income down almost all week.
- over 2 points lost in 10yr, about a point and a half in MBS
- Stocks showing signs of plateau as heady levels are reached
- Fell back in line with Black Wednesday Lows
The AM So Far
- Went even lower than that this AM on nocturnal session's yield curve adjustments
- But as domestic trading perks up, we're off the lows and 4 ticks from break even.
- Leading indicators at 10AM.
- Fed's Lockhart at 130pm followed by 2 days of Bernanke tomorrow and Wednesday.
- Stock futures looking only slightly higher
2s vs. 5s: 153bps
2s vs. 10s: 267bps
5s vs. 10s: 114bps
Crude: 64.59
MBS Market Alerts
