MBS RECAP: Treasuries Come Out Swinging; MBS Not So Much

Home / Blog / MBS RECAP: Treasuries Come Out Swinging; MBS Not So Much

Posted To: MBS Commentary

Bonds rallied sharply today on a combination of factors that are debatable in their direct bond market implications. In a general sense, European bond market strength spilled over to the US session. On a specific note, the 2yr Treasury auction definitely served as a catalyst for better buying in the Treasury complex at 11:30am (not a typical auction time). Either way, Treasuries did quite well while MBS struggled to improve. The ongoing breakdown in MBS vs Treasuries is getting more and more painful, depending on your definition of pain. On the one hand, rates are as low as they've been in a long time --either late March, 2019 or early 2018 depending on the lender. That's actually not painful at all! On the other hand , mortgage rates haven't dropped nearly as quickly as Treasuries...(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...

25f6b16c bd77 49a4 af20 3d7ce2af3dbb 9658cfaf 3219 4dae a55a 5829f4ea4966 777ac24c 48e4 4068 8ebb 1fd11870ad20 428143b5 8550 4e74 9dec 124056dddc44 e576d6d9 32c7 460a a477 ade74251c973 a1c0783c d2ba 4204 a845 99fdf19a7f18 0c25ae46 d3db 4e40 a97c f7b233317a59 263a4707 4e2c 49b8 b01a 02ee9a59452b 349c047a cca1 4fdf ab95 9a06e4959be3 5998d89b f1e7 4535 8714 d3e9a87f8428 90514234 fa7c 4768 b58e cf36060cb5ae 1fd481b3 be47 4e05 a3b9 d6d410ec3a68 1dcc1759 fefd 4ce2 82c9 27465263121d cb4a2280 494e 4c5e ab90 9a82ca4bccda 673cbdfa d605 4a50 bc30 2ac2ce7008ee 8e07d894 75b6 4e3a 9914 2e4b6577d7db 9f8f359f 705b 4c65 9a88 69958b4aea16 eb2a1b73 b361 4aee 914f ed3d95b3fb13 3c86d7bd 2bf3 4db2 a669 4713b0f4e870 e4c6cb9f 603e 4cc3 b87b 82db19a57130 ed224cb7 31b5 4fd1 b45d 716560a588c4 eda174e8 c277 4e1a b4d6 b75f0414d9d8 0bdbe44a 39a3 42f0 86cb 1044762ba261