Posted To: MBS Commentary

Inconsequential Trading Day With Some MBS Underperformance Today was remarkably unremarkable. Volume and volatility were low, in general. There were no significant economic reports. There were no juicy market movers. The biggest instance of drama was an afternoon slump in MBS prices (Treasuries held steady) likely a byproduct of the eviction moratorium extension (which has a marginal impact on MBS). In total, it made for less than an eighth of a point of weakness and it is not likely to be an ongoing market mover. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Factory Orders 1.5 vs 1.0 f’cast, 2.3 prev Market Movement Recap 09:01 AM Flat to very slightly weaker for most of the overnight session. Relatively light volume. Buyers showing up with domestic hours. 10yr down 1bp at 1.17%…(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: August 3, 2021 / Categories: Mortgage News /