Bonds were slightly weaker this morning in a move that looked like it might have been significant when compared to yesterday's narrow range. But in a just-barely-wider context, today's volatility was just as inconsequential as almost any of the days in December so far. With that, we'll continue to count down to next week's bigger-ticket data and more robust trader participation.
Econ Data / Events
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- Case Shiller Home Prices-20 y/y (Oct)
- 1.3% vs 1.1% f'cast, 1.4% prev
- CaseShiller 20 mm nsa (Oct)
- -0.3% vs -- f'cast, -0.5% prev
- FHFA Home Price Index m/m (Oct)
- 0.4% vs 0.1% f'cast, 0% prev
- FHFA Home Prices y/y (Oct)
- 1.7% vs -- f'cast, 1.7% prev
- Chicago PMI (Dec)
- 43.5 vs 39.5 f'cast, 36.3 prev
- Case Shiller Home Prices-20 y/y (Oct)
Market Movement Recap
10:10 AM
Moderately weaker overnight and sideways so far. MBS down an eighth and 10yr up 2.7bps at 4.135
12:02 PM
bouncing back a bit. MBS down only 1 tick (.03) and 10yr up 1.2bps at 4.119
03:14 PM
Still mostly sideways. MBS down 2 ticks (.06) and 10yr up 2.1bps at 4.128.
MBS Market Alerts
