The AM So Far...
- 2 ticks up so far in 4.5's to 99-11
- tsy futures testing 21 day moving average, good for bonds
- gains or losses likely to be minimal ahead of auctionat 1pm and FOMC at 2:15
- International trade came in slightly better than expected, no one cared
Recap of Previous Session
- Failed test of 99-00 on 4.5 very much confirmed
- even September coupon closing prices held well over 99-00
- 3yr auction was great, but impact muted due to more impending data
- 10yr outperformed pushing to lowest yield since the 5th
In The Time It Takes To Type... (NEW!)
- Fairly choppy in a good range 2-4 ticks improved.
MBS Market Alerts
