MBS RECAP: Bonds Dead Flat After Early Gains

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MBS RECAP: Bonds Dead Flat After Early Gains

Posted To: MBS Commentary

Without too much regard for European bond markets or Greek headlines (despite what you might have heard), US bond markets were stronger this morning. The ' disregard ' was primarily evident in the overnight session where Treasuries stayed exceptionally flat despite volatility in German bond markets. It wasn't until the 8:20am CME open that Treasury traders (some of whom have to wait until then to put in some bigger trades from the early morning hours) showed their hand. This was really the only event of the day for Treasuries and MBS. The rest of it was spent grinding perfectly sideways and perhaps slightly higher. Let's talk some more about this disregard. San Francisco Fed's Williams put it well today when he said the baseline forecast is that Greece doesn't pose big...(read more)

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Source: www.mortgagenewsdaily.com

MBS MID-DAY: Bond Markets Grinding Sideways After Overnight Gains

Posted To: MBS Commentary

The overnight session was uneventful for US bond markets with most of the action consisting of Europe catching up to yesterday's afternoon rally in the US. Once US bond markets officially opened, however, buyers were lined up, making for a quick burst lower in yield (a large contingent of bond market participants begin their trading day at 8:20am when the CME pit opens). From there, we've seen the same sort of sideways grind at home and abroad. 10yr yields and MBS are both at their best levels since early June. Not to look a gift horse in the mouth, but it would be nice if we were actually breaking BELOW the line laid out in this morning's "day ahead" rather than staying right on top of it. Here was the chart from this morning: And here's how those same two lines look...(read more)

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Source: www.mortgagenewsdaily.com

Ready for Attention | Pink Carpet

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Tempe Area $1,450,000 4/14 9:46P
Address: 2121 E LA VIEVE LANE, Tempe, AZ 85284, MLS: 5265604 , Bedrooms: 5, Bathrooms: 8.00 , Building Size: 6,681 sqft, Lot Size: 28917.00 sqft, Year Built: 1996, Listing Courtesy of: Arizona Regional MLS / Keller Williams Realty East Valley
Source: www.windermere.com