Recap of Last Week
- Range trade persists....rates drift towards high side of yield range. 10yr testing 3.50%
- 2 yr TSY ends week 1.016%. 10yr heads out at 3.486%.
- FN 4.5 closes at 100-19. Opened trading at 100-21 on Monday October 19.
- Mortgage rates moved higher..rate sheet rebate reduced
- READ MBS WEEKLY
So Far this Morning
- SHANGHAI +0.06%, HANG SENG +1.71%, TOPIX +0.96%, NIKKEI +0.77%, CAC +0.31%, DAX 0.50%
- Dollar index moving higher this morning, however still weaker than Friday's close. EUR/USD at $1.502
- Oil more expensive at $80.13. Gold cheaper at 1052.60
- US Stock futures haven't moved much after falling on Friday morning...currently testing 1075 pivot point/support
The 10yr TSY note is -0-00 at 101-03 yielding 3.494%.... 3.50% was broken briefly this morning.
The FN 4.0 is trading -0-01 at 97-29 yielding4.215% and the FN 4.5 is -0-01 at 100-18 yielding 4.434%.The secondary market current coupon is 4.39%. The FN 4.5 yield spread over the benchmark 10yr TSY note is 94.5 basis points.
Here is the FN 4.5 two day...
READ MNDs The Week Ahead for a calendar of scheduled economic events
MBS Market Alerts
