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MBS RECAP: Nice Recovery, But Big-Picture Damage Remains
Oct 25 2021, 4:17PM

Monday could have been worse.  Bonds started out in weaker territory but recovered early in the domestic session.  Technicals and repositioning tradeflows deserve as much credit as dovish remarks from the Bank of England.  Ultimately, the intraday volatility doesn't much matter as long as yields remain squarely inside their upwardly-sloped trend channel (and they do!).  

Econ Data / Events
Market Movement Recap
08:40 AM

Flat to start the overnight session, then slightly weaker in Europe.  Well inside Friday's range, up 2.5bps at 1.663% (10yr), and 2.5 UMBS down 2 ticks (0.06).

09:32 AM

Solid buying since 9am.  10yr back to unchanged at 1.64 and 2.5 UMBS now up 2 ticks (.06) at 102-08 (102.25).

02:05 PM

Rates bottomed out just before 10am and have been sideways to slightly higher since then.  10yr yields still down .3bps on the day at 1.635 and MBS 2.5 coupons still up an eighth of a point at 102-10 (102.31).

MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
UMBS 2.5
102-11 : +0-05
10 YR
1.6360 : -0.0190
Pricing as of 10/25/21 4:17PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
9:57AM  :  Back in Positive Territory After Quick Bounce
9:03AM  :  Slightly Weaker Overnight

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 3.25%
  • |
  • 15 Yr FRM 2.59%
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  • Jumbo 30 Year Fixed 3.15%
MBS Prices:
  • 30YR FNMA 4.5 107-04 (-0-01)
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  • 30YR FNMA 5.0 108-31 (-0-01)
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  • 30YR FNMA 5.5 109-07 (-1-07)
Recent Housing Data:
  • Mortgage Apps 2.79%
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  • Refinance Index 3.16%
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  • Purchase Index 1.82%