If you caught the Mid-Day, you're up to speed on anything interesting that happened today. 

If you didn't, the only interesting thing that happened today was a surprise rate cut from China's central bank.  Combined with yesterday's dovishness from European central bank chief Draghi, the global economic lights flickered a lumen or two brighter.  While that's still a pretty dim bulb in the big picture, it was enough to push stocks and bond yields higher in the later overnight session. 

When domestic traders came online, they added to the selling pressure for the first 20 minutes of the day, leaving the weakest levels at 8:40am. (CME Treasury pit opens at 8:20am).  From there, bond markets did absolutely nothing for the rest of the day.  10yr yields barely cut a range wider than 1bp and Fannie 3.0 MBS stayed between 101-19 and 101-14. 

Considering the pace of the bounce back in stocks, bonds seem to be holding up every bit as well as we could expect.  Unfortunately, today's weakness introduces additional negative technical cues heading into next week.  So it makes more sense to be cautious vs bold.


MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
MBS
FNMA 3.0
101-15 : -0-09
FNMA 3.5
104-13 : -0-08
FNMA 4.0
106-21 : -0-06
Treasuries
2 YR
0.6450 : +0.0400
10 YR
2.0870 : +0.0589
30 YR
2.8990 : +0.0360
Pricing as of 10/23/15 5:41PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
2:01PM  :  Reprice Risk Considerations as 5's Lead Selling
10:06AM  :  Bonds Smacked With Eurasian 1-2 Punch

MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Oliver Orlicki  :  "Still alive and well"
Emilee Baine  :  "Did the anti-steering disclosure die with the onset of TRID...or do we still need to supply that disclosure?"
Hugh W. Page  :  "In more positive news I get to end the day with a closing and my first TRID CD went out on time for next Friday's closing. All is good in the world."