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MBS RECAP: Closer Look at Stocks vs Rates
Jul 8 2020, 4:07PM

Despite some modest weakness to begin the day, bonds remain smack dab in the center of their recent range.  We've officially begun the waiting game.  

Econ Data / Events
Market Movement Recap
08:06 AM

Bond yields and stock prices were inconsequentially higher overnight and remained very flat throughout Asian and European sessions.  MBS starting the day 2 ticks (.06) weaker. 10yr yields up 1.3bps at .653.

10:15 AM

Weakness accelerated into the 10am hour, roughly following a stock surge.  Bonds seem to be finding support for now though.  10yr yields up 2.3bps at .663 and UMBS 2.0 down an eighth on the day.

01:12 PM

Solid defensive stand continues for the bond market after strong 10yr auction.  MBS at highs of day, up just a hair.  10yr yields near lows of day, but still a bit weaker vs yesterday.


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
102-26 : +0-01
Treasuries
10 YR
0.6560 : +0.0080
Pricing as of 7/8/20 4:05PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
1:05PM  :  Bonds Solidify Gains After Strong 10yr Auction
10:06AM  :  ALERT ISSUED: Bonds Under Pressure; Reprice Risk Considerations

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

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