Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,270
# of Questions
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: Bonds Continue Pushing The Record Pace, But MBS Are Lagging
Aug 4 2020, 4:11PM

Yesterday we asked what would come next for bonds after breaking through resistance levels (.58 in 10yr yields and 103.00 in 2.0 UMBS), what comes next.  Such breakouts can be the cue for a corrective bounce or a quick rush of additional momentum.  It looks like we're getting the latter, although it's more apparent in Treasuries.   MBS are lagging due to increased supply, but prices nonetheless hit new all-time highs.

Econ Data / Events
Market Movement Recap
08:17 AM

Bonds stronger overnight, largely during European session.  Weaker stocks helped.  10yr starting out just under the .54% technical level.  MBS are opening more than an eighth of a point higher.

11:31 AM

Bonds are off their best levels of the morning.  At first, this was a bond-specific move, but stock strength since 10:30am is also correlated.  2.0 UMBS are now up just over an eighth of a point (versus a quarter point earlier) and 10yr yields are up to .5249 from lows of .5134.

02:55 PM

Not much changed from the last update, but MBS continue dragging their feet near the lows of the day.  Treasuries, conversely, are near their best levels of the day.  Underperformance is largely due to increased supply pressure in MBS.


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
103-23 : +0-03
Treasuries
10 YR
0.5085 : -0.0545
Pricing as of 8/4/20 4:09PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
12:02PM  :  ALERT ISSUED: Reprice Risk Increasing Modestly
8:54AM  :  Bonds Much Stronger Out of The Gate

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 3.00%
  • |
  • 15 Yr FRM 2.62%
  • |
  • Jumbo 30 Year Fixed 3.35%
MBS Prices:
  • 30YR FNMA 4.5 108-04 (-0-01)
  • |
  • 30YR FNMA 5.0 109-17 (0-00)
  • |
  • 30YR FNMA 5.5 110-13 (-0-08)
Recent Housing Data:
  • Mortgage Apps 6.77%
  • |
  • Refinance Index 8.83%
  • |
  • Purchase Index 3.42%