As expected, today's trading wasn't willing or able to challenge recent rages in any meaningful way. In fact, it didn't even challenge yesterday's range. The morning hours especially lacked purpose and thus succumbed to following European markets' Draghi-inspired gyrations.
The afternoon was slightly more purposeful with a a relatively strong 30yr auction helping to reinforce the upper limits of Treasury yields for the day. 10's subsequently shuffled off to session lows, but didn't make it to yesterday's pre-ADP levels.
MBS made an even less convincing run at yesterday's opening levels, though Fannie 4.0s managed to move into positive territory with the afternoon rally. All eyes on NFP tomorrow, as always.
MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live. | MBS | FNMA 3.0 95-05 : +0-04 | FNMA 3.5 99-22 : +0-05 | FNMA 4.0 103-09 : +0-02 |
| Treasuries | 2 YR 0.4292 : +0.0002 | 10 YR 2.9652 : -0.0278 | 30 YR 3.8714 : -0.0336 |
| Pricing as of 1/9/14 4:21PMEST | |||
Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
3:28PM : Best Levels of the Day
1:09PM : Bond Markets Improve After Strong 30yr Auction
10:36AM : Bouncing Against Negative Reprice Risk Levels For Some
9:08AM : Treasuries Slightly Stronger, MBS Unchanged After Jobless Claims, Draghi
MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Dean Gorenflo : "Brian....page 14. It's up to the underwriter if they will require pay off: http://mndne.ws/KK9FrC"
Brian McFarlane : "does USDA follw the same guidelines on collections that FHA does? Have a borrower with medical collections? Borrower has about $900 in medical collections"
Matthew Graham : "(because she's a super "hawkish" member of the FOMC. no? tough crowd)"
Matthew Graham : "file photo of George: http://mndne.ws/1aKqMiE"
Matthew Graham : "RTRS- GEORGE: 'I REMAIN CONCERNED' ABOUT POTENTIAL COSTS OF QE3, EXTENDED PERIOD OF NEAR-ZERO RATES "
Matthew Graham : "RTRS - U.S. SELLS $13 BLN 29-YEAR 10-MONTH BONDS AT HIGH YIELD 3.899 PCT, AWARDS 69.13 PCT OF BIDS AT HIGH "
Christopher Stevens : "hmmm...Steve Liesman (CNBC) thinks the 10YR at 3% has already priced in a strong NFP tmrw. I strongly disagree."
joon choi : "The loan documents that must contain the name and NMLSR ID are the Mortgage Application (1003), Note, and Mortgage / Deed of Trust."
joon choi : "stonegate is now printing the LO name and NMLSR on these docs"
Jason York : "I recall seeing that overlay somewhere, but I can't remember which investor, and none of ours have it"
Clayton Sandy : "any one else have a 6 month PITI reserve requirement on a VA High Balance? "
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MBS Market Alerts
