Friday's Recap
- Last week dominated by yield curve mimicry (MBS took directional guidance from gyrations of yield curve)
- Friday lost early then gained into close ending slightly positive
- Waiting on Fed before markets will really decide what they think
- light volume until then
The AM So Far...
-World Bank increases it's prediction for retraction
- stocks lose overnight
- Tsy's with mild foreign sponsored gains, extending those now that the US is out of bed.
- 10 yr up 15 ticks, 4.5 MBS up 14 ticks.
- data free today, quiet tomorrow as Fed starts
Charts
S&P Futures: -8.00 (-0.87%) to 907.70
6/19 EFFECTIVE FED FUNDS: +0.00 to 0.25 from 0.25
LIBOR FIXINGS
O/N LIBOR: +0.0037 to 0.2713 from 0.2675
1 MONTH: -0.0019 to 0.3150 from 0.3169
3 MONTH: -0.0019 to 0.6100 from 0.6119
6 MONTH: -0.0213 to 1.1612 from 1.1825
1 YEAR: -0.0425 to 1.6975 from 1.7400
MBS Market Alerts
