MBS RECAP: Still Waiting For Something to Finish What Jobs Report Should Have Started

Home / Blog / MBS RECAP: Still Waiting For Something to Finish What Jobs Report Should Have Started

Posted To: MBS Commentary

Back on Thursday afternoon, bonds/rates looked like they were just wrapping up the process of rising into position between the old range and the new range (2.52-2.55%). With NFP being the big market mover that it is, the expectation was that rates would be making a choice between one of those two ranges on Friday. As it happened, however, bonds briefly touched the highest yields in 2+ weeks and then decided to head the other direction . But they didn't head the other direction in a convincing way. In fact, for all practical purposes, rates continued to fly a holding pattern at the edge of both ranges. That phenomenon continued today with yields edging back up to 2.52% after briefly making it below 2.50% in the overnight session. For their part, MBS weren't too troubled by the Treasury...(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...

09e0fa06 28c2 4898 b1ae 17725269a074 1d47c6bd dc19 4276 9137 1a7c99ca2039 d8066bc8 da5e 45a1 9dda c1420767ce72 6c468f28 46a5 49a5 95d4 b82b40a9c2c3 13a2010d eb68 4863 a3d9 475a0ec5ad55 29a99297 4578 4dba a9d8 4177f0eb7d43 2cb6652b 10f4 4ec8 841a 4c7e92f82845 267acf4c dd06 481e 9b4c ca25fc3a7c93 cbe705a1 1106 4550 b44b 0d7743f62e03 18a4d298 be62 4d9f 8f6e 556cd3cb9477 3415e830 0da9 49f7 b32b 92fc2753f700 406e158f f523 4d24 8859 578522ca1cfa 03c1d23f 6984 481c 930f d2a3ccdd7632 71020132 8784 4ac7 b000 95e178955790 b011bc30 a67a 4759 a02d 857014198b59 9fe8652c 628f 4060 b761 62a6e89e0c98 6dc28edc e7b1 471f 9cb5 df7514bae2f6 e2cead75 ca43 4a84 8d35 4f406845e308 e47d6812 7096 4497 a477 bbd1f294ef8f 45e700e9 7d75 459b 8447 b8da66e2c1f0 0b2da38e c871 402d 95cd e3b43f755bb0 1021d9a5 756c 4f57 8780 2e48bcd671f3 4a18ea50 5928 4554 970f 98b7bc930d5c