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By admin | March 9, 2010
pPosted To: a href="/mortgage_rates/blog/"MBS Commentary/a/pImmediately following the 3yr Treasury Note auction, treasuries weakened while MBS held steady. Since then, MBS have lost a few ticks, but the 4.5 remains positive on the day, up 1 tick at 101-07. The 10yr note is also up a tick leaving the yield just under 3.72. The 10yr#39;s post auction selling turned the corner very much in line with yesterday#39;s high yields suggesting a shift of guidance to tomorrow#39;s auction. . MBS is building a case for support just over 101-06, but as volume remains fairly light, again, the emphasis is even more squarely on tomorrow#39;s auction than it already was. Until/Unless 101-06 breaks down in a significant way, the chances of reprices for the worse remain limited to quot;knee-jerk only,quot; but we#39;re not seeing justification for that. In 10yr...(a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/139312.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/139312/3/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=139312" width="1" height="1"
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