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MBS RECAP: Quiet Summertime Monday Leaves Bonds Slightly Stronger
Sep 13 2021, 4:20PM

Treasuries have experienced more of the volatility in the bond market than MBS recently.  That makes sense given last week's auction cycle and the ongoing glut of corporate bond issuance.  Volume and volatility were both minimal today as yields casually bumped the bottom of the consolidation range and coasted sideways for the rest of the day.  There are a few chances to see some data-inspired market movement this week, but the "consolidation ahead of next week's Fed Announcement" seems to be the default game plan.

Econ Data / Events
Market Movement Recap
09:11 AM

Sideways to modestly stronger overnight in bonds, with a decent recovery in stocks.  10yr yield down 1bp at 1.333% and 2.0 UMBS up 2 ticks (0.06) at 101-06 (101.19).

01:03 PM

MBS gained a bit of ground heading into the noon hour, but prices are fading a bit in the PM hours.  2.0 coupons are back to +0.06 at 101.19 (highs of day at 101.27).  10yr yield down 1.5bps at 1.328.

03:29 PM

MBS unchanged from the last update while 10yr yields are just a hair stronger (1.324 now).  Overall vibe is sideways and quiet.  Sleepy summertime Monday.

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
101-06 : +0-02
10 YR
1.3260 : -0.0150
Pricing as of 9/13/21 4:20PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
9:25AM  :  Slightly Stronger Overnight; Slow so Far

Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Sep 13
0:00 Roll Date - UMBS 30YR
Tuesday, Sep 14
8:30 Consumer Price Index (CPI) (%)* Aug 0.4 0.5
8:30 Core CPI (Annual) (%)* Aug 4.2 4.3

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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