Posted To: MBS Commentary

Surprisingly Strong Move For No Great Reason While there were a few positive developments for bonds today, there were a few others to offset them. The net effect should have been something a little closer to ‘unchanged,’ but the actual pace of gains was rather brisk. 10yr yields were down more than 4bps by the 3pm CME close and 2.5 UMBS were up more than an eighth of a point. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Case Shiller Home Prices (y/y)…13.3 vs 12.0 prev FHFA Home Prices (y/y) ………..13.9 vs 12.4 prev Consumer Confidence…17.2 vs 119.2 f’cast Expectations…………….99.1 vs 107.9 prev Present Situation……….144.3 vs 131.9 prev New Home Sales 863k vs 970k f’cast Last month revised down from 1.021m to 917k Market Movement Recap 08:43 AM Flat…(read more)

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Published On: May 25, 2021 / Categories: Mortgage News /