Posted To: MBS Commentary

Decent Recovery After Scary Start But Risks Remain 10yr yields were as high as 1.105% at one point today, but recovered nicely by the close (1.071%). Similar story for MBS with significant intraday weakness giving way to only modest losses by the end of the day. Nonetheless, until bonds show us that they’re interested in rallying, the takeaway from this week is that rates have turned a short-term corner and are more likely to head higher than lower in the coming week. That said, whenever anyone talks about the future in financial markets, “higher probability” is usually around 51%. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Core PCE Inflation (y/y) 1.5 vs 1.3 f’cast, 1.4 prev Chicago PMI 63.8 vs 58.5 f’cast, 58.7 prev Pending Home Sales -0.3 vs -0.1 f’cast…(read more)

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Published On: January 29, 2021 / Categories: Mortgage News /

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