MBS RECAP: Pace Picks Up For Bond Market Mini Meltdown

Home / Blog / MBS RECAP: Pace Picks Up For Bond Market Mini Meltdown

Posted To: MBS Commentary

First thing's first, there's not much about a 10bp gain in 10yr yields and nearly a half a point of MBS weakness that would be considered "mini," but in the recent context, it only undoes about a quarter of the recent rally. Plus, we have history with the word "meltdown," so I figured I'd qualify it in this case. Things were bad from the outset this morning as Chinese manufacturing data started the overnight session off with solid "risk-on" momentum (stronger stocks and weaker bonds). European data didn't help even if it didn't hurt that much. Domestic data looked like a storm that could have been weathered at first. Following the Retail Sales report, bonds didn't break into any weaker territory than they'd seen overnight. After the...(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...

51982c57 fa0a 4607 bade afae037fc516 acd6362b 3771 48d5 b6eb 697edf66b721 15645f29 9940 495d b2df 7aa76b1d5204 8caee0cb 4482 4133 be1c b863252fd496 ddf91a8e 8972 4fca 9969 5d764c4d90f5 feabbf30 d99c 4811 bc89 61afe82f8495 e88329ca c1b4 4460 bee3 4df2c0f0ae4b 8fed9882 df72 4415 9a14 24ed8e016a50 e40f01a4 816f 4260 a818 22b67b46af4d 654eede1 832f 4fa3 bc18 0b1e83ef2467 542445be 1471 45bf 91d9 1127bc358880 c9f19542 0f01 4033 997c 3e72f17e4aae fd7a3ef3 d4ba 4f06 9e55 0469e309daab ded36aba a00c 493a afce 6540d7025142 b326a5a0 385f 45ff 8f0c bec98339d518 12331201 f115 4592 999c a470ebbe3376 6e603722 c2f2 44d8 86b1 75827840301f d11f1507 4a07 48fb ab43 5ae47f814576 ffb8d2c6 8e0b 43df be36 ff906a29e423 9778b667 261a 4ab8 b787 18db67969d37 8b2d684e af5c 4b4a 88c4 9715751318ec be436b82 bb52 4614 a5f3 36ae86c58dca 97cd4303 d529 459e 8cf2 d4dd6d41ca56