Unlike most Tuesday's, today actually saw a decreased level of participation in bond markets.  Presumably this is due to yesterday offering more relevant inspiration (Greek election failure) and the impending New Year holiday.  On that note, keep in mind that bond markets close early tomorrow (2pm) and are generally expected to be slow from the outset.  Historically the 31st of December is less busy than the previous trading day, and that's especially true when it falls on a Wednesday-Friday.

As for today's action, it was clearly less than intense, but offered a good mix of pleasure and pain.  On the pleasurable side, bonds started out in positive territory after following European markets overnight.  But much like yesterday, when European bond markets closed, US bonds gave up ground.  The pain was limited to return to nearly-unchanged levels and scattered lender reprices.

MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
FNMA 3.0
101-02 : +0-02
FNMA 3.5
104-05 : +0-01
FNMA 4.0
106-21 : +0-00
2 YR
0.6880 : -0.0240
10 YR
2.1900 : -0.0140
30 YR
2.7580 : -0.0160
Pricing as of 12/30/14 4:52PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
1:19PM  :  ALERT ISSUED: Very Slight Negative Reprice Risk
10:27AM  :  Slow and Green, Just the Way We Like It

MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Ross Miller  :  "Yes, termite reports are required on all VA loans in the south."
Matthew Graham  :  ""Wood-destroying insect information is required for all properties in the following states: Texas, Oklahoma, Arkansas, and Louisiana.""
Joseph Daquino  :  "Now......can somebody PLEASE let me know if a termite report is required for a VA loan in Texas?!"
Timothy Baron  :  "I think so, Ted."
Ted Rood  :  "Is it a legal requirement for an originator putting an individual ad on the radio to disclose his, and his employer's NMLS during the ad?"