Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,829
# of Questions Answered
Subscribe
 Email Alerts
Receive an Email Alert each time a story is posted to MBS Commentary.
-
 RSS
Bottom Right Default
State Name: Connecticut
State Name underscore: Connecticut
State Name dash: Connecticut
State Name lower underscore: connecticut
State Name lower dash: connecticut
State Name lower: connecticut
State Abbreviation: CT
State Abbreviation Lower: ct
Fed Minutes Today at 2pm EST
Follow the markets live as the Fed Minutes are released at 2pm EST today.
Thomson Reuters MBS Aggregations
Gain access to a powerful search engine and most accurate and timely mortgage industry originator and servicer rankings.
MBS Basics:   Part 1  |  Part 2  |  Part 3  |  Part 4  |  The Gut Flop
It's Fed Day. Are you ready?
If you've been following the MBS Commentary, you know what a big deal this afternoon could be. Markets have been preparing for it for weeks and MBS Live members have been on top of those movements every step of the way.
This afternoon, when markets are convulsing mere milliseconds after the Fed Announcement, MBS Live members will know what's going on before anyone else. The accuracy and speed of our real-time price stream and alerts is unmatched.
Here's a purchase code to take the free trial for 4 weeks with no credit card required.

Share:
  •  Email    Link Here
  • Widgets

MBS RECAP: Surprisingly Strong Day Made Possible By Last Week's Rout
Jun 8 2020, 3:34PM

After last week's rout at the hands of stronger economic data, bonds have been able to enjoy a nominal correction to start the new week.  Looking ahead, the bond market's biggest hope is that Wednesday's Fed announcement includes an official bond buying pledge from the Fed (and that it's enough to keep pushing rates back in a friendlier direction).

Econ Data / Events
Market Movement Recap
08:22 AM

Bonds were flat during Asian market hours, but gave up some ground during European hours.  10yr yields are starting the day up 2bps at .912%.  2.0 UMBS are currently down 2 ticks (-0.05) at 101-09 (101.28).

11:28 AM

Morning rally/correction continues with Treasuries erasing most of the post-NFP losses from Friday (down 2bps at .874%).  UMBS 2.0 coupons are more than a quarter point better on the day.  Positive reprices aren't out of the question. 

01:42 PM

10yr yields made it as low as .862, but have bounced so far this afternoon (albeit modestly, only back up to .875%).  MBS gains have leveled off with 2.0 UMBS up just over a quarter point.  Most lenders have repriced for the better.  


MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
MBS
UMBS 2.0
101-20 : +0-09
Treasuries
10 YR
0.8820 : -0.0230
Pricing as of 6/8/20 3:32PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
10:11AM  :  Bonds Turn Green With Help From Europe

About the Author

Chief Operating Officer, Mortgage News Daily / MBS Live
A former originator, Matthew began writing for Mortgage News Daily in 2007, covering a wide range of topics. Seeing a need in the marketplace, his focus increasingly shifted toward relating MBS and broader financial markets for loan originators. ... more

Other Contributors


Share:
Discuss the MBS and Mortgage Markets on Our Streaming Dashboard
Discuss MBS and Mortgage Markets with Hundreds of Loan Officers on the MBS Live Streaming Dashboard.
  »Start a Two Week Risk Free Trial


Comments

Join Now or Login to Post Comments

 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.29%
  • |
  • 15 Yr FRM 2.64%
  • |
  • Jumbo 30 Year Fixed 3.40%
MBS Prices:
  • 30YR FNMA 4.5 108-16 (-0-08)
  • |
  • 30YR FNMA 5.0 110-21 (0-01)
  • |
  • 30YR FNMA 5.5 111-10 (-0-02)
Recent Housing Data:
  • Mortgage Apps 0.49%
  • |
  • Refinance Index 0.06%
  • |
  • Purchase Index 1.81%