UPDATE: Core PCE in Line With Expectations. Minimal Reaction
housingbrief.com/article/66d…
MBS at Weakest Levels, Underperforming :
There is some MBS-specific weakness in the bond market this afternoon with 5.0 coupons down a quick 2 ticks (.06). The resulting levels are no lower than the AM lows, but the departure from Treasuries is interesting.
Modestly stronger overnight but losing ground after 8:30am data. MBS down 2 ticks (.06) and 10yr up 3bps at 3.866.
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MID-DAY: Jobs Report Crushes Bond Market's Spirit - mortgagenewsdaily.com/mortga…
The 30YR FNMA 3.5 is trading at 105.44 (+0.02). The 10 YR Treasury yield stands at 1.81. mbspric.es/1BYeP68
MBS Live retweeted
Mortgage Rates well past recent lows, back to May 9 2013 levels. 3.5% 30yr fixed getting more prevalent mortgagenewsdaily.com/consum…
Bond Markets Improve After Very Strong 30yr Auction Pretty simple here... The 30yr Auction was stellar.
MBS MID-DAY: Back Into Positive Territory After Philly Fed Data - mndne.ws/18bdTmv
MBS Live retweeted
Mortgage rates now much higher than @FreddieMac weekly report, which has them down to 4.22%. Try 4.35-4.5% post Fed Mins @mortgagenewsmnd
Mortgage Rates Move Convincingly Lower ->
Mortgage rates moved lower at their fastest pace in 6 weeks today... mndne.ws/11Ivqzi
MBS Markets: Purposeful Rally Helps Define Pre-FOMC Range ->> mortgagenewsdaily.com/mortga…