Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Questions
 Email Alerts
Receive an Email Alert each time a story is posted to MBS Commentary.
Bottom Right Default
State Name: Massachusetts
State Name underscore: Massachusetts
State Name dash: Massachusetts
State Name lower underscore: massachusetts
State Name lower dash: massachusetts
State Name lower: massachusetts
State Abbreviation: MA
State Abbreviation Lower: ma
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.

  •  Email    Link Here
  • Widgets

MBS RECAP: Which Way Do We Go?
Jun 17 2020, 4:07PM

Markets continue trying to sort out the prospects for a recovery vs the risk of covid-19 resurgence.  This is resulting in strong correlation between stocks and bonds.  Both have leveled off so far this week as they wait for more info.  Both are looking at each other wondering "which way do we go?"  We'll know it when we see it and we're not seeing it today.

Econ Data / Events
  • 11:30-11:50 AM (ET) - Fed 30yr UMBS Buying  

  • Housing Starts: 974k vs 1.095m f'cast, .934k prev (up 4.3%)

  • Building Permits: 1.22m vs 1.228m f'cast, 1.066m prev (up 14.4%)

Market Movement Recap
07:57 AM

Bonds were inconsequentially weaker overnight as stocks gained half a percent in futures.  MBS took their lumps yesterday on heavy supply and look to start today just a hair stronger.

11:35 AM

bonds rallied modestly into 10:30am with stocks falling at the same time.  Both have bounced since then. Treasuries and MBS are both near unchanged levels.

01:06 PM

Powell is talking with Congress again, but markets don't seem to care.  Bonds are flat.  MBS are off the lows (1 tick better now vs 1 tick worse a short while ago).

03:57 PM

Treasury yields edged down to the lows of the day in concert with stock losses.  Nothing major to pin the move on as both sides of the market are trading sideways in the bigger picture.  MBS underperforming, hanging out near the lows (heavy supply from new origination putting pressure on prices).

MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
UMBS 2.0
101-26 : +0-01
10 YR
0.7280 : -0.0260
Pricing as of 6/17/20 4:05PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
12:16PM  :  ALERT ISSUED: Modest Reprice Risk For a Few Lenders
8:37AM  :  Construction Data Mixed; No Market Reaction

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

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


Join Now or Login to Post Comments


More From MND

Mortgage Rates:
  • 30 Yr FRM 2.94%
  • |
  • 15 Yr FRM 2.64%
  • |
  • Jumbo 30 Year Fixed 3.95%
MBS Prices:
  • 30YR FNMA 4.5 107-15 (0-01)
  • |
  • 30YR FNMA 5.0 109-09 (0-03)
  • |
  • 30YR FNMA 5.5 110-06 (0-03)
Recent Housing Data:
  • Mortgage Apps -1.84%
  • |
  • Refinance Index -2.20%
  • |
  • Purchase Index -1.28%