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MBS RECAP: Range Trading Settling in For Long(er) Haul
Sep 18 2020, 5:30PM

With no significant bond market volatility in response to this week's Fed announcement.  The question of "where do we go now" remains.  The answer remains as well.  Until further notice, it's "sideways!"

Econ Data / Events
Market Movement Recap
08:20 AM

Bonds were mostly flat during Asian hours but rallied during European hours to hit the domestic session in slightly stronger territory.  10yr yields are down 1.6bps at .672 and 2.0 UMBS are up 1 tick at 102.98.  Stocks are flat.

01:44 PM

AM weakness in MBS subsided by noon.  Treasury yields managed to find a ceiling without moving too far into negative territory.  Both sides of the market are now positive again with some support from stock market weakness.

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
102-28 : -0-03
10 YR
0.6970 : +0.0150
Pricing as of 9/18/20 5:29PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
2:36PM  :  ALERT ISSUED: Negative Reprice Risk Increasing
11:43AM  :  ALERT ISSUED: Negative Reprice Risk Increasing For Some Lenders
10:42AM  :  ALERT ISSUED: Bonds at Weakest Levels After Bullard

Economic Calendar
Time Event Period Actual Forecast Prior
Friday, Sep 18
10:00 5yr Inflation Outlook (%) Sep 2.6 2.7
10:00 Consumer Sentiment Sep 78.9 75.0 74.1
10:00 1yr Inflation Outlook (%) Sep 2.7 3.1
Tuesday, Sep 22
10:00 Existing home sales (ml)* Aug 6.00 5.86
10:00 Exist. home sales % chg (%)* Aug 2.4 24.7

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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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.04%
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  • 15 Yr FRM 2.59%
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  • Jumbo 30 Year Fixed 3.40%
MBS Prices:
  • 30YR FNMA 4.5 108-05 (-0-00)
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  • 30YR FNMA 5.0 109-26 (0-01)
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  • 30YR FNMA 5.5 110-24 (0-05)
Recent Housing Data:
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  • Refinance Index 8.23%
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  • Purchase Index -1.53%