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Uneventful Day; MBS Underperform
Uneventful Day; MBS Underperform
It's not uncommon to see MBS outperform their Treasury benchmarks in the run up to a round of weekly Treasury auctions only to underperform when the auction cycle wraps up. That underperformance (or rather, Treasury outperformance) was on full display today with MBS losing about a quarter point while 5yr notes lost about half as much. While bonds are slightly closer to the weaker end of the recent range, they're still very much inside it.
Uneventful Day. MBS Underperform
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Oct 10 | |||||
| 12:00AM | Roll Date - UMBS 30YR | ||||
| 9:45AM | Fed Goolsbee Speech | ||||
| 10:00AM | Oct Consumer Sentiment (ip) | Oct | 54.2 | 55.1 | |
| 10:00AM | Oct Sentiment: 1y Inflation (%) | Oct | 4.7% | ||
| 10:00AM | Oct Sentiment: 5y Inflation (%) | Oct | 3.7% | ||
| 10:00AM | Oct U Mich conditions | Oct | 60 | 60.4 | |
| 1:00PM | Fed Musalem Speech | ||||
| 2:00PM | Sep Federal budget,(on hold, shutdown) (bl) | Sep | $50.0B | $-345B | |
| Monday, Oct 13 | |||||
| 12:00AM | Indigenous Peoples’ Day | ||||
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