Nothing happened this afternoon to add any information or market momentum already in place this morning.  The morning events were covered in greater detail HERE.  The bottom line is that US bond markets followed European bond markets into stronger territory due to Eurozone systemic stability issues concerning Greece.  It's not the first time and it wasn't entirely unexpected today, but nonetheless led German yields to new record lows (Germany's bond market benefits from systemic instability in the EU).

Gains continued into mid-morning.  When European markets closed, that was it for the day.  MBS and Treasuries reversed their gains, but didn't move far before leveling off into a sideways grind for the rest of the afternoon.  Apart from the European inspiration, it was a slow, quiet day, with participation right in line with the beginning of last week.


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
101-00 : +0-07
FNMA 3.5
104-04 : +0-06
FNMA 4.0
106-21 : +0-05
Treasuries
2 YR
0.7120 : -0.0313
10 YR
2.2020 : -0.0496
30 YR
2.7730 : -0.0443
Pricing as of 12/29/14 4:37PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
10:07AM  :  Greece is Back, but Only Modest Benefit for US Bond Markets

MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Matthew Graham  :  "Good question. Both are fairly relevant. The 3.5 is clearly garnering more production at the moment, so it's good to follow for that reason, but many rate sheets have rates that will go into 3.0 buckets, so they're relevant for that reason. If a rate sheet stopped at 3.75%, I'd probably focus on 3.5 coupons."
Brett Robinson  :  "MG I just got back from vacation. Should I be paying more attention to the 3.0 or 3.5 coupon?"