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MBS RECAP: Jackson Hole Follow Through Helps Bonds Hold The Range
Aug 30 2021, 5:35PM

Bonds were at the top of their recent range last Friday, but buyers emerged after Powell's Jackson Hole Speech.  The new week brought a gentle but obvious version of the same trade as both stocks and bonds improved at the NYSE open.  Ultimately, that only served to reinforce a sideways range as markets wait for this week's data--especially Friday's big jobs report.

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

  • Pending Home Sales -1.8 vs +0.4 f'cast, -2.0 prev

Market Movement Recap
09:21 AM

Bonds were slightly stronger in the overnight session despite modestly higher EU yields. 10yr down .3bps at 1.307 and 2.0 UMBS up 2 ticks (0.06) at 101-13 (101.41).

11:31 AM

Modest additional gains after 10am (Fed TSY buying operation, month-end buyers, and technical triggers).  10yr yield now down 2bps at 1.29%.  2.0 UMBS up an eighth at 101-16 (101.5).

03:10 PM

Ultra flat at slightly stronger levels with effectively zero movement in the PM hours.  10yr down 2.5bps at 1.285 and MBS still up an eighth.

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
101-18 : +0-06
10 YR
1.2800 : -0.0320
Pricing as of 8/30/21 5:35PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
11:01AM  :  Modestly Stronger Overnight; Some Follow-Through After 10am

Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Aug 30
10:00 Pending Sales Index Jul 110.7 112.8
10:00 Pending Home Sales (%) Jul -1.8 0.4 -1.9

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 3.13%
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  • 15 Yr FRM 2.55%
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  • Jumbo 30 Year Fixed 3.18%
MBS Prices:
  • 30YR FNMA 4.5 107-28 (-0-02)
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  • 30YR FNMA 5.0 109-25 (0-01)
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  • 30YR FNMA 5.5 111-14 (0-10)
Recent Housing Data:
  • Mortgage Apps 2.79%
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  • Refinance Index 3.16%
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  • Purchase Index 1.82%