MBS RECAP: Things Get More Serious For Bonds Tomorrow

Home / Blog / MBS RECAP: Things Get More Serious For Bonds Tomorrow

Posted To: MBS Commentary

It's been an interesting week so far with trade war developments taking bonds in an unexpected direction unexpectedly quickly and MBS underperforming the rally more than we'd like to see. Trade war headlines have provided a nearly constant supply of volatility for bond stocks and bonds, and today was no exception. Late day campaign rally comments from Trump started the ball rolling overnight with more stock losses and bond market gains. Then early this afternoon, Trump's comments about receiving a letter from Xi were much more upbeat. They single-handedly turned accounted for the afternoon gains in stocks and losses in bonds. Nonetheless, bonds ended the day with gains . 10yr yields were 3bps lower and Fannie 3.5 coupons managed to hold on to 2 ticks of strength (0.06 points). All...(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...

c38d69f7 5b0f 487c bc55 5429d1e24a9f 47480971 2e5f 4dfe 8307 463a46faaf6d 645508bc 5b06 45ad 9bc5 6139df415b8c 1944b193 0fbe 4006 b058 7ac589dcb185 3ae06e7d 7c32 4f1b a07b 58cc8238b07b f7bf1ec2 7dbf 435e 8a1d 496474bb5b0f b64fac50 07e7 4041 bfe3 d78a58214736 66a3f042 22ea 4f59 996a 4789bb87a09a e8a8109b 4a1d 4967 abed 67d68402e9d8 46e9f88f 6fcb 464b ae53 9f4836224c82 f98adc6e bb32 4143 b04a 949218c1d575 7d311993 a71d 47e5 96ba c4b2531fdcdf 59c4f8b9 69f5 4c2e b1f7 f0e82ed9d327 64d545e8 74a9 4f6f a2f9 09a25ac01e2d 1190f7dc fd46 48fd bc6d 410e68740f0f 10c870ee 5b00 4473 a40d 0a5fec3eca9f 87789259 be0b 4c50 873b 9e1d80a61c1e c50be8d6 d432 4c0c 8df5 176fb3fda6a6 e91efbf1 3fd3 4ec6 a461 7286c2d36570 4e38b69c c6f1 4f49 98ad 94c2c9d1a94b c275f5a0 2948 4150 b1d6 a97d0b312085 aaeaf0ce 4af1 481c 944d c79a36cc1428 b3ef230a f8de 4b3e 9ff7 92c2cd333ef0