MBS Update: Giving Up Overnight Gains

Dan Frio

Sr Mortgage Loan Officer

The Frio Team Powered by Peoples Bank & Trust

P: (844) 775-5626

M: (630) 768-1317

www.TheRateUpdate.com

YouTube

524 Main St
Hazard ky 41701

License:

246527

MBS Morning:

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MBS Huddle:

Giving Up Overnight Gains

8 Hours, 43 Min ago

S&P Manufacturing PMI
- 52.9 vs 52.0 f'cast, 52.0 prev

Bonds drifted sideways to slightly stronger in the overnight session with 10yr yields ultimately trading as low as 4.186 before bouncing just before 8am. Selling picked up at the 8:20am CME open and again just now (modestly) after the S&P PMI data.

Yields are now at the highs of the day, up 1.5bps at 4.239 and MBS are down an eighth of a point on the day (and just over an eighth from the AM highs).

More MBS and Treasury Markets

MBS Recap:

Traders Buy The Dip After AM Data - Today, 8:06 PM

MBS Alert:

Weakest Levels of The Day - Today, 4:01 PM

MBS Morning:

AM Data Possibly Arguing For a Bounce - Today, 2:33 PM

MBS Recap:

Steady Gains in the PM Hours - Mon, 8:45 PM

MBS Morning:

Slow, Sideways Start, But Month-End Volatility Always a Possibility - Mon, 2:14 PM

Dan Frio

Sr Mortgage Loan Officer

The Frio Team Powered by Peoples Bank & Trust

P: (844) 775-5626

M: (630) 768-1317

www.TheRateUpdate.com

YouTube

524 Main St
Hazard ky 41701

License:

246527

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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.