MBS Close at Lowest Prices Of The Day Despite Treasury Rally
Posted To: MBS Commentary
Fed says "so long, MBS!" For primarily this, and other reasons, MBS are pouting today Lenders scatter reprices for the worse throughout the day OUR WARNING "pouting" = cutting edge technical term for being in the red while treasuries are in the Green 4.5's are down 2 ticks on the day at 100-06 10yr Treasury Note Yield about 2.5bps lower to 3.835 Stocks tried 1174 again in S&P and failed (again… we're losing count…) I discussed a few technical levels last night. Specifically, that 100-16, 100-10, and 100-07 were good levels to keep an eye on. That call turned out pretty good today as those have been our noticeable turning points throughout the day. If you got some improved rates this AM, the 100-16 was a good lock signal for those locking before NFP. And then…(read more)
Written by Matthew Graham on March 31st, 2010 with no comments.
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