MBS Alert: Losing Some Ground After PMI Data

Randy Vance

President

Boss Mortgage, LLC

P: (541) 799-2677

M: (541) 280-8294

E: randy@bossmortgage.com

www.bossmortgage.com

Apply Now

Truth in Lending Podcas...

304 NE 3rd Street
110
Bend OR 97701

License:

NMLS #1455628 OR, WA, ID, CO, MT

Company NMLS 2547821

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MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

Losing Some Ground After PMI Data

Fri, Jun 21 2024, 9:49 AM

S&P Services PMI
- 55.1 v s 53.7 f'cast, 54.8 prev
S&P Manufacturing PMI
- 51.7 vs 51.0 f'cast, 51.3 prev

Bonds had been moderately stronger overnight, following EU bonds on weaker EU PMI data. But obviously, US PMIs didn't follow suit. The services PMI is problematic for rates as it came in at the highest level in more than 2 years.

MBS have erased all their gains and are now unchanged. 10yr yields are still modestly lower on the day but well off their best levels, currently down 2bps at 4.241

More MBS and Treasury Markets

MBS Alert:

Even More Reprice Risk Now - Fri, June 28, 8:03 PM

MBS Recap:

What to Make of Week's Weakest Levels After Solid PCE Data - Fri, June 28, 7:34 PM

MBS Morning:

Month/Quarter-End Trading Causing Lots of Volatility - Fri, June 28, 4:10 PM

MBS Alert:

Negative Reprices Becoming More Likely - Fri, June 28, 3:09 PM

MBS Alert:

Negative Reprice Risk Increasing as Bonds Give Up PCE Gains - Fri, June 28, 2:48 PM

Randy Vance

President

Boss Mortgage, LLC

P: (541) 799-2677

M: (541) 280-8294

E: randy@bossmortgage.com

www.bossmortgage.com

Apply Now

Truth in Lending Podcas...

304 NE 3rd Street
110
Bend OR 97701

License:

NMLS #1455628 OR, WA, ID, CO, MT

Company NMLS 2547821

Ask Me a Question

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