Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
2,000,000
# of Visitors Per Month
Subscribe
 Email Alerts
Receive an Email Alert each time a story is posted to MBS Commentary.
-
 RSS
Bottom Right Default
State Name: Texas
State Name underscore: Texas
State Name dash: Texas
State Name lower underscore: texas
State Name lower dash: texas
State Name lower: texas
State Abbreviation: TX
State Abbreviation Lower: tx
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: Treasuries Looking Nervous, But MBS Outperform
Aug 10 2020, 4:13PM

Treasury yields are attempting to move up and over the technical ceiling at .57-.58.  This could either signal a negative shift in momentum or merely trepidation ahead of this week's auction supply and stimulus headlines.  MBS are outperforming for now, but will ultimately be along for the ride if weakness continues.

Econ Data / Events
Market Movement Recap
08:14 AM

Treasuries opened weaker overnight but rallied back modestly during European hours.  Low volume and volatility.  MBS opening 2 ticks (0.06) higher at 103-20 (103.625).  Stocks are roughly unchanged (S&P).

11:28 AM

Treasuries losing ground with 10yr now in negative territory on the day.  MBS outperforming, still 1 tick (.03) into positive territory, but 1 tick lower from the highs.

02:33 PM

Treasuries remain under pressure, but MBS are outperforming (UMBS 2.0 now up an eighth to the highs of the day).  10yr yields are up .65bps at .5722%.  Stocks are modestly stronger.  No major drama this afternoon.

04:07 PM

Treasury yields at new highs for the day, up 1.5bps to .5805.  MBS still outperforming, but off their highs by roughly 2 ticks (0.06).


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
103-20 : +0-03
Treasuries
10 YR
0.5788 : +0.0168
Pricing as of 8/10/20 4:11PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
11:52AM  :  Treasuries Turn Negative; MBS Lose Gains

Economic Calendar
Time Event Period Actual Forecast Prior
Tuesday, Aug 11
8:30 Core Producer Prices YY (%)* Jul 0.0 0.1
13:00 3-Yr Note Auction (bl) 48

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 3.04%
  • |
  • 15 Yr FRM 2.67%
  • |
  • Jumbo 30 Year Fixed 3.38%
MBS Prices:
  • 30YR FNMA 4.5 108-05 (-0-00)
  • |
  • 30YR FNMA 5.0 109-17 (-0-01)
  • |
  • 30YR FNMA 5.5 110-14 (-0-22)
Recent Housing Data:
  • Mortgage Apps -2.51%
  • |
  • Refinance Index -3.68%
  • |
  • Purchase Index -0.47%