Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Questions Answered
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.

  •  Email    Link Here
  • Widgets

MBS RECAP: Bonds Increasingly Under Pressure So Far This Week
Aug 25 2021, 4:09PM

Although the week began in forgettable fashion, Tuesday saw yields move up at a moderate pace with no overt provocation. Indeed a quick glance at the 5-day candlestick chart leaves one with the impression that bonds simply targeted the 1.30% technical level and set their selling programs on cruise control.  While it's early yet, yields are trying to challenge that ceiling to start the day.  Breaking above wouldn't be the end of the world as rates are still better described as "broadly sideways at long-term lows."  While that range may come under pressure in the run up to Friday's Powell speech, it's next week's trading that matters more.

Econ Data / Events
  • Fed MBS Buying 10am, 1130am, 1pm

  • Durable Goods -0.1 vs -0.3 f'cast
    Core Cap-Ex    0.0 vs 0.5 f'cast

Market Movement Recap
07:33 AM

Bonds flat to slightly weaker overnight wit most of the damage coming during European trading.  10yr yields are up 1.2bps at 1.309%. MBS are still trying to find liquidity for the morning, but are set to open about 2 ticks (0.06) lower if bonds don't go too crazy in the next 30 minutes.

08:32 AM

No major reaction to durable goods data.  The headline was a hair better than expected, but core-capex (nondefense durable goods orders excluding aircraft) missed by a wider margin (0.0 vs 0.5).  Bonds haven't budged in the past 2 minutes. 

12:42 PM

The 10yr spiked to 1.339% late in the morning session, but met some resistance there and have since leveled off. 2.0 MBS are still down about an eighth for the day.

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
101-03 : -0-06
10 YR
1.3440 : +0.0540
Pricing as of 8/25/21 4:09PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
1:13PM  :  ALERT ISSUED: Additional Reprice Risk After 5 YR Auction
10:41AM  :  ALERT ISSUED: MBS Down An Eighth From AM Highs
8:28AM  :  Slightly Weaker Overnight, Waiting on Data and Auctions

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

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


More From MND

Mortgage Rates:
  • 30 Yr FRM 3.27%
  • |
  • 15 Yr FRM 2.64%
  • |
  • Jumbo 30 Year Fixed 3.20%
MBS Prices:
  • 30YR FNMA 4.5 108-07 (0-05)
  • |
  • 30YR FNMA 5.0 109-26 (-0-07)
  • |
  • 30YR FNMA 5.5 111-24 (0-02)
Recent Housing Data:
  • Mortgage Apps 2.79%
  • |
  • Refinance Index 3.16%
  • |
  • Purchase Index 1.82%