« Housing Policy: The Message is as Important as the Mechanism | Home | Home Sellers Still See Conditions as Unfavorable. Perspective on Shadow Inventory »
By admin | February 5, 2010
pPosted To: a href="/mortgage_rates/blog/"MBS Commentary/a/pAfter reaching as high as 101-20, MBS 4.5#39;s are back down to 101-14. Its seems that layers of support are building at levels that would leave 4.5#39;s at PAR after settlement next week. Far be it from me to suggest there#39;s some sort of external force that continues to push 4.5#39;s toward that 101-00 level, but it LOOKS that way on the chart at least. Meanwhile, stocks had recovered 100% of today#39;s losses, though with the close still 20 minutes away, difficult to say where things will end. As for treasuries, the yield curve is reasonably unchanged on the day save for a little bulge in the belly (5#39;s and 7#39;s leading the pack by 2bps). All told, the stock lever did what we wanted it to do in the case of a stock sell-off today, and as stocks have rallied, little of what we...(a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/133657.aspx"read more/a)pdiv style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"strongForward this article via email:/strongnbsp;nbsp;a href="http://www.mortgagenewsdaily.com/channels/133657/3/forward.aspx" style="color:#3333CC;"Send a copy of this story/a to someone you know that may want to read it./div/pimg src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=133657" width="1" height="1"
Topics: Mortgage News |
Comments
