MBS Alert: First Move After Fed is Mixed

Jason R. Richardson

City First Mortgage

P: (800) 475-6255

M: (661) 857-2202

E: jason@city1st.com

RichardsonLending.com

750 S Main Street
Bountiful UT 84010

License:

NMLS #256859

Licensed in AL, CA, CO, HI, OH, TN, TX

MBS Morning:

MBS Recap:

MBS Alert:

MBS Update:

MBS Huddle:

First Move After Fed is Mixed

3 Hours, 44 Min ago

Rates cut 25bps as expected
QT ended (MBS proceeds reinvested into TSYs as expected)
Statement verbiage was a slight upgrade for the economy

10yr yields initially moved a few bps higher, but have returned to pre-Fed levels, up 3.5bps on the day at 4.012

MBS are down 6 ticks (.19), in line with the lows of the day.

More MBS and Treasury Markets

MBS Recap:

Another Hawkish Powell Press Conference Harshes Bonds' Mellow - Today, 7:12 PM

MBS Alert:

Reprices Becoming Likely After Powell Comment on Dec Cut - Today, 6:39 PM

MBS Alert:

Weakest Levels Ahead of Powell Press Conference - Today, 6:28 PM

Here's What Changed in The New Fed Announcement - Today, 6:01 PM

MBS Alert:

Negative Reprice Risk Increasing - Today, 5:41 PM

Jason R. Richardson

City First Mortgage

P: (800) 475-6255

M: (661) 857-2202

E: jason@city1st.com

RichardsonLending.com

750 S Main Street
Bountiful UT 84010

License:

NMLS #256859

Licensed in AL, CA, CO, HI, OH, TN, TX

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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.