Overall it has been a slow day in the rates market. Volume in TSY futures was below average. The 10yr Dec contract held a range between 117-20 and 117-28. Most of the action took place early in the session, after that it really became a waiting game...WAITING FOR NFP tomorrow morning. The same goes for MBS trading...active morning, slow afternoon.
The FN 4.5 is-0-04 at 100-24 heading into the close... right in the middle of the intraday range. Here is the two day chart...
The range trade is more obvious via the long term chart...
Sorry for the late update..MG and I have been busily working on another project all afternoon. MBS CLOSE to follow.
MBS Market Alerts
