Bonds started stronger but lost ground quickly and inexplicably starting around 10:30am ET. This was a classic example of year-end trading causing random volatility. It had nothing to do with news, data, or any other typical motivations. Bonds are now closed for the day/month/year and will be back in action on Thursday. Happy New Year!
Econ Data / Events
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- Chicago PMI
- 36.9 vs 42.5 f'cast, 40.2 prev
- Chicago PMI
Market Movement Recap
09:31 AM
MBS down an eighth and 10yr down 2bps at 4.52
12:22 PM
Month-end trading taking a quick toll. MBS down a quarter point and 10yr up 4.7bps at 4.586
02:18 PM
Heading out just off the weakest levels. MBS down 6 ticks (.19) and 10yr up 3.3bps at 4.572
MBS Market Alerts
