Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,829
# of Questions Answered
Subscribe
 Email Alerts
Receive an Email Alert each time a story is posted to MBS Commentary.
-
 RSS
Bottom Right Default
State Name: Massachusetts
State Name underscore: Massachusetts
State Name dash: Massachusetts
State Name lower underscore: massachusetts
State Name lower dash: massachusetts
State Name lower: massachusetts
State Abbreviation: MA
State Abbreviation Lower: ma
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.

Share:
  •  Email    Link Here
  • Widgets

MBS RECAP: Could be Better. Could be Worse
Oct 4 2021, 4:16PM

Bonds ended last week on a strong note with yields challenging the lowest levels of the recently higher range.  With no definitive breakout, we were forced to wait for the current week to see if the good times could keep rolling.  They couldn't--at least not today.  In that sense, the new week could have gotten off to a better start.  On the other hand, losses are minimal and bonds are still much closer to last week's better levels.  In that sense, things could certainly be worse.  Either way, we're waiting for last week's highs or lows to be broken--something that has a decent enough chance of happening after Friday's jobs report, if not before.

Econ Data / Events
Market Movement Recap
09:00 AM

Initially stronger at the start of the overnight session, then progressively weaker into domestic hours.  10yr now near highs of the day, up 2.6bps at 1.491.  2.5 UMBS down 2 ticks (0.06).

10:59 AM

After hitting the weakest levels of the day around 10am, bonds have rallied back to the best levels of the day presently.  10yr yields are up only 1.2bps at 1.477 and MBS are unchanged from the last update.

03:29 PM

Slightly weaker now with 10yr yields up almost 2bps at 1.484 and MBS down an eighth of a point.  Broader theme is decisively sideways 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.
MBS
UMBS 2.5
103-10 : -0-04
Treasuries
10 YR
1.4820 : +0.0150
Pricing as of 10/4/21 4:16PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
9:15AM  :  Moderately Weaker Overnight, But MBS Outperform

Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Oct 04
10:00 Factory orders mm (%) Aug +1.2 1.0 0.4
Tuesday, Oct 05
10:00 ISM N-Mfg Bus Act * Sep 59.5 60.1
10:00 ISM N-Mfg PMI * Sep 60.0 61.7

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

Other Contributors


Share:
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 3.16%
  • |
  • 15 Yr FRM 2.54%
  • |
  • Jumbo 30 Year Fixed 3.12%
MBS Prices:
  • 30YR FNMA 4.5 108-04 (0-00)
  • |
  • 30YR FNMA 5.0 110-01 (-0-00)
  • |
  • 30YR FNMA 5.5 111-23 (-0-01)
Recent Housing Data:
  • Mortgage Apps 2.79%
  • |
  • Refinance Index 3.16%
  • |
  • Purchase Index 1.82%