VP | Sr Loan Officer Team
Atlantic Coast Mortgage,. LLC
NMLS ID 1166669
NMLS ID 2408374
Associate Broker
Hunt Country Sotheby's International Realty
MBS & US Treasury Markets
6/5 9:30:59PM EST : Delayed Data
08:42 AM
Slightly stronger overnight and little-changed after econ data. MBS up an eighth and 10yr down 3bps at 4.326
09:26 AM
Losing ground after ECB announcement. MBS down 1 tick (.03) and 10yr up half a bp at 4.36
VP | Sr Loan Officer Team
Atlantic Coast Mortgage,. LLC
NMLS ID 1166669
NMLS ID 2408374
Associate Broker
Hunt Country Sotheby's International Realty
MBS are now down 2 ticks and 10yr yields are up 2.2bps at 4.378 after more details on the Trump/Xi phone call.
Newswires are far from earth-shattering, but they've been enough to drive some risk-on trading in stocks/bonds.
TRUMP: CALL LASTED APPROXIMATELY ONE AND A HALF HOURS, AND RESULTED IN A VERY POSITIVE CONCLUSION FOR BOTH COUNTRIES
TRUMP: OUR RESPECTIVE TEAMS WILL BE MEETING SHORTLY