MBS Recap: No Data, No Volatility

Todd Hanley, RICP®, CMA™

Senior Loan Officer

United Direct Lending

M: (954) 806-5114

E: todd.hanley@uniteddirectlending.com

https://todd.mortgage

The Reverse Mortgage Ex...

5500 NW Glades Rd
Suite 500
Boca Raton FL 33431-7367

License:

LO71086

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MBS Morning:

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

No Data, No Volatility

Thu, Jan 9 2025, 2:04 PM

No Data, No Volatility

MBS Recap Matthew Graham | 2:04 PM

Bonds were only open for half the day due to the national day of mourning for Jimmy Carter. Overnight markets made for a slightly stronger start and those gains slowly eroded throughout the day. MBS closed at perfectly unchanged levels and 10yr yields were a hair lower as Treasuries continue "healing" after this week's auction cycle. Friday morning brings the jobs report, which is just as much of a potential volatility flash point as it always is.

Watch the Video

11:03 AM Bonds on Light Duty Ahead of Friday's Jobs Report

12:37 PM MBS Still Positive, But Down an Eighth From Highs

Market Movement Recap

10:25 AM

Stronger overnight, with some slight backtracking. MBS up 3 ticks (.09) and 10yr down 3.3bps at 4.669

12:24 PM

weakest levels. MBS still up 2 ticks (.06) and 10yr still down 2.5bps at 4.676

Lock / Float Considerations

Rates continue muddling along at or near longer-term highs following the December 18th Fed announcement. There haven't been any glorious recoveries since then. If we hope to see one, it would depend on big ticket econ data like the jobs report or CPI (Jan 10th and 15th respectively).

Technicals/Trends in 10yr (why 10yr)

Ceiling/Support (can be used as "lock triggers")
- 4.88
- 4.80
- 4.74
- 4.67
Floor/Resistance
- 4.43
- 4.50
- 4.57

MBS & Treasury Markets

MBS
30YR UMBS 5.5	98.17	-0.01
30YR UMBS 6.0	100.23	+0.04
30YR GNMA 5.5	98.78	-0.02
15YR UMBS-15 5.0	99.30	+0.03

US Treasuries
10 YR	4.690%	-0.011%
2 YR	4.266%	-0.035%
30 YR	4.929%	+0.013%
5 YR	4.457%	-0.003%

More MBS and Treasury Markets

Bonds Tanking After Surge in Payroll Growth - Today, 1:32 PM

MBS Still Positive, But Down an Eighth From Highs - Thu, 5:37 PM

Bonds on Light Duty Ahead of Friday's Jobs Report - Thu, 4:03 PM

Some Volatility But Broadly Sideways - Wed, 8:29 PM

No Whammies in AM Data, Fairly Friendly Fed Comments - Wed, 2:58 PM

View More »

Todd Hanley, RICP®, CMA™

Senior Loan Officer

United Direct Lending

M: (954) 806-5114

E: todd.hanley@uniteddirectlending.com

https://todd.mortgage

The Reverse Mortgage Ex...

5500 NW Glades Rd
Suite 500
Boca Raton FL 33431-7367

License:

LO71086

Ask Me a Question

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Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.