Posted To: MBS Commentary

Abandon Hope, All Ye Who Float Overnight We’re putting in for permits to build our own Pirates of the Caribbean ride at MBS Live world headquarters. There will be more waterfalls, and they’ll be sharper. We’re mapping the slope based on bond prices, after all. We’ll even keep with some familiar elements such as the “abandon hope” sign. That was certainly the bond market’s message to floaters today. See the Day Ahead commentary for more thoughts on the move and the Lock/Float section for specific thoughts on strategy. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Philly Fed 51.8 vs 23.0, 23.1 Prev Jobless Claims 770k vs 700k f’cast, 725k prev Market Movement Recap 08:36 AM Bonds crushed overnight in massive volume. 10yr yields up to 1.754 at highs, 1.74…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Published On: March 18, 2021 / Categories: Mortgage News /

Subscribe To Receive The Latest News

Curabitur ac leo nunc. Vestibulum et mauris vel ante finibus maximus.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Add notice about your Privacy Policy here.