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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.
UMBS 2.0
103-20 : +0-03
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

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Mortgage Rates:
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