MBS RECAP: Month-End No Help For Longer-Term Rates

Home / Blog / MBS RECAP: Month-End No Help For Longer-Term Rates

Posted To: MBS Commentary

Today brought rather pervasive pressure on longer-term rates and mortgages. It wasn't a significant amount of selling, but it was fairly steady throughout the day--ultimately bringing us back into the red after starting the day in the green. Credit Europe for the green start. To a smaller extent, stock losses may have played a role. As domestic traders got started for the day, everything reversed course . Stocks gained. Bonds lost. Economic data was either uneventful or overlooked. The only noticeable theme in bond markets was a "steepening" bias. In other words, traders were willing to sell 10yr Treasuries much more readily than 2yr Treasuries. Indeed, 2s stayed green (and never really sold off) while 10s were up nearly 1bp by the close after beginning the day nearly 3bps lower...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

66898572 fc0c 4de8 b4c0 1ec6fb06a4bf cbf9e8e1 e3c7 4e30 9f4a 6fab2a05d5df f389685a 65b0 4f5a 989c 2f3bf3d4fb21 34cdd9da d4be 4f28 8f37 16da5a0f0b24 fa7f2d64 a666 4d02 ad46 493e32769b3e df52f53e fb3f 468d 9a5d 0360cff8cf29 f6b0c29a 89f9 4d01 9896 b6ca51228304 400b66a6 ebe4 44bb 8704 2e7f07f26034 43fa6765 f590 415d 8a0f 73eb8c026f62 545e0cd3 eddf 4ca0 9d80 35e9edf407ed af8007d4 ccfe 4c7f b395 ebf46dca77ae 8f5cc43b ae41 4033 8a6a cb43a5428b73 f8623707 509e 4c77 b3b8 2ff01ac3ae5c 402306b7 8df1 4a83 a32f aa4570f95b14 19fb79e1 cecf 4a3e a942 53fcb8aea858 cefb3b17 6d63 4ff4 a1dd d1b1dd5e36e6 e927b708 2850 4624 9f9a c19940977632 27f94a02 d293 465e acff e57f28d59b90 0597c49e d598 413d 98dc a3d7eb9348fd 302c12bb 7b35 4557 b6e7 716e177fe2a1 5bcadc81 2e60 4a65 9978 64a3e1635da8 a7adb180 cbd3 4ae8 9d5b a9ef83e19b3e 5ecc0e68 00d8 463d ad43 c0b39b477a54