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 Mortgage News Daily
MBS CLOSE: Uneventful End To Uneventful Day - 6 hours ago
Posted To: MBS CommentaryThough MBS were not quite as thinly traded as treasuries (lowest volume since the first trading day of 2010), the picture wasn't much better. At least that which is at risk on low volume days--volatility due to the trading that actually happens comprising a larger portion of the total--was not present. Quite the opposite in fact, as the the same trend that began to emerge early this afternoon remained intact through the close. In MBS, the 101-07 to 101-10 range covered almost everything since 1030 AM. That's a quiet, boring day. I move a lower trendline down to 3.57 on the 10yr yield to show that we're going out today at an even lower yield level than Friday. So don't let the entire day of slightly worse readings fool you... The net effect for both markets was FLAT. And in the...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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Mortgage Links
2043 Richmond Ave
Staten Island, NY 10314
Office Phone: (718) 494-8300 Fax: (718)-494-0900 Infomation: Scott@mtglinks.com
Cell: 718-664-0741
Direct: 718-966-4000
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