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: Traders Move to Sidelines Ahead of Fed Announcement
Sep 17 2021, 4:33PM

September's big Fed announcement doesn't hit until next Wednesday, but it's not too early for markets to freak out about it a little bit.  The fear is expressed in the form of a move to the sidelines for both stocks and bonds.  In other words, both sides of the market sold off today.  Treasuries fared a bit better, and MBS fared better still (2.0 coupons only dropped an eighth of a point by 4pm).  10yr yields thought better of breaking too far above the 1.37% technical level and have been settling there in the after hours session.  Next week remains anyone's game with a range breakout being all but guaranteed. 

Econ Data / Events
Market Movement Recap
09:00 AM

Modestly weaker overnight  with selling pressure picking up as we enter the 9am hour.  10yr is up almost 3bps at 1.363 and MBS are down an eighth of a point--well below the lowest prices of the week.

01:28 PM

Bonds found footing shortly after 10am and 10yr yields have slowly worked their way back to the 1.37% technical level.  MBS are down just over an eighth of a point now after being down as much as a quarter point at the weakest levels.

04:22 PM

Healing continues as time ticks down on the trading session.  No huge changes from the last update, but MBS have improved another tick (0.03).  Volatility has been nonexistent. 

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
100-30 : -0-03
10 YR
1.3650 : +0.0340
Pricing as of 9/17/21 4:33PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
9:39AM  :  ALERT ISSUED: Bigger Technical Breakout; Negative Reprice Risk For Early Lenders
8:59AM  :  ALERT ISSUED: Yields Pushing Weekly Highs

Economic Calendar
Time Event Period Actual Forecast Prior
Friday, Sep 17
10:00 5yr Inflation Outlook (%) Sep 2.9 2.9
10:00 1yr Inflation Outlook (%) Sep 4.7 4.6
10:00 Consumer Sentiment Sep 71.0 72.0 70.3

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

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 3.19%
  • |
  • 15 Yr FRM 2.56%
  • |
  • Jumbo 30 Year Fixed 3.12%
MBS Prices:
  • 30YR FNMA 4.5 108-03 (-0-05)
  • |
  • 30YR FNMA 5.0 109-26 (-0-08)
  • |
  • 30YR FNMA 5.5 111-27 (0-03)
Recent Housing Data:
  • Mortgage Apps 2.79%
  • |
  • Refinance Index 3.16%
  • |
  • Purchase Index 1.82%