The AM So Far...
- Tsy Futures moving steadily downward since open. At 116-27 after being as high as 117-02. Friday's high was 118-19
- After initial weakness, both tsy's and MBS have either leveled off or made a turn.
- 4.5's at 99-21, 10yr Tsy at 3.59
- Thin trading ahead of tomorrow's auction
Recap of Previous Session
- Home sales rocked everyone's world
- MBS lost just over 20 ticks. Tsy's moved up in yield just over 10 bps
- sold off early then gradually faded weaker into close.
- Bernanke from "the hole" saying prospects for recovery look good. some cared, but it was yet another vague generality.
In The Time It Takes To Type
- nada
- Other than some minor short term bill auctions, nada.
- even the rest of the week is fairly light in terms of data.
- biggest event on the horizon is tomorrow's 2yr auction
MBS Market Alerts
