Geopolitics have been front and center for financial markets over the past 2 days with both stocks and bonds taking clear cues from newswires pertaining to tariff brinksmanship, trade deal negotiations, foreign wealth fund participation, and ultimately, the late-day announcement of a "framework of a deal" regarding Greenland. Details are in short supply, but the most important development being a pause on the plan to implement new tariffs on February 1st. Markets are cautiously trading this as a win for now with stocks and bonds at the best levels of the week, but definitely not back in line with last week's levels.
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- MBA Purchase Index (Jan)/16
- 194.1 vs 184.6 prev
- MBA Refi Index (Jan)/16
- 1580.8 vs 1313.1 prev
- Pending Home Sales
- 71.8 vs 79.2 prev
- MBA Purchase Index (Jan)/16
choppy, sideways overnight session and little-changed so far. MBS up 2 ticks (.06) and 10yr down 1bp at 4.286
reasonably well received 20yr bond auction. 10yr down 3 bps at 4.266 and MBS up an eighth.
Best levels of the day after Greenland-related tariff pause and word of a "deal framework." MBS up 6 ticks (.19) and 10yr down 4.6bps at 4.25
MBS Market Alerts
