Residential and Commercial Real Estate FInance
Homeplus Mortgage
License:
NMLS 339261
NMLS 2415712
MBS & US Treasury Markets
7/30 5:41:00PM EST : Delayed Data

In not so many words, bonds aren't getting the dovishness they were hoping for from Powell.  MBS just gave up all of the day's rebound and are back down 5 ticks (.16) on the day and 6 ticks (.19) versus the post-FOMC highs.

10yr yields are up 5.6bps at 4.377.

Lenders who repriced for the better this afternoon could be considering negative reprices.  Most any other lender was seeing similar MBS prices this morning when they set rates (thus limiting reprice implications).

09:29 AM

A hair weaker overnight with additional selling after data.  MBS down 5 ticks (.16) and 10yr up 5bps at 4.373

12:53 PM

A bit of resilience heading into Fed announcement.  MBS down 2 ticks (.06) and 10yr up 4.3bps at 4.365

02:08 PM

very small, friendly reaction to Fed.  MBS down 1 tick (.03) and 10yr up 2.6bps at 4.348

03:22 PM

Weaker after Powell press conference.  MBS down 5 ticks (.16) and 10yr up 5.3bps at 4.374

Residential and Commercial Real Estate FInance
Homeplus Mortgage
License:
NMLS 339261
NMLS 2415712