Friday, December 29, 2017

MBS RECAP: Bonds Rally Amid Quiet Year-End Trading

Posted To: MBS Commentary

There were no significant economic reports today, no major headlines, and no other events that prompted movement in bond markets. As is often the case on the last day of the year, there were just a handful of traders and computer programs making last minute adjustments to portfolios or engaging in opportunistic day trading. Last week, imbalances among the dwindling population of traders resulted in bad times for bonds. This week, the opposite was true, thus leaving an imbalance of buyers to be magnified by light liquidity. Buying demand (relative) was steady throughout the day after modest weakness early in the session. 10yr yields fell 2.87bps to 2.405 and Fannie 3.5 MBS improved by nearly a quarter point to 102-24 (102.75). MBS Pricing Snapshot Pricing shown below is delayed, please note...(read more)
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from Mortgage News Daily http://ift.tt/2Ch9MJp

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