For those who'd been watching bond markets on Friday's half day, it was perhaps slightly disconcerting to see a week's worth of gains quickly erased. And while there was no guarantee that "whatever happens on the Friday after Thanksgiving can easily UN-happen the following week," here we are back in last Wednesday's range with help from a merely decent 5yr Treasury auction. Incidentally, last Wednesday's range saw bonds near their best levels in 2 months.
-
- New Home Sales
- 679k vs 723k f'cast, 719k prev
- New Home Sales
After losing ground on Friday, bonds are bouncing back a bit. MBS up nearly an eighth and 10yr down 2bps at 4.453.
2yr auction a bit weaker than expected. No major reaction. 10yr down 3.1bps at 4.437. MBS up an eighth.
5yr auction helping. 10yr yields are now down 7.2bps on the day at 4.40 and MBS up 10 ticks (.31).
Best levels of the day at the 3pm CME close with MBS up almost 3/8ths and 10yr yields down 8bps at 4.392.
MBS Market Alerts
