MBS LUNCH: Modest Recovery After Hitting 5 Month Yield Highs
Posted To: MBS Commentary
After hitting 5 month yield highs early in the session, rates have made a modest recovery back towards their recent range. Prices are now heading sideways in "status quo" territory. Volumes are below average. The 10yr note is -0-14 at 96-04 yielding 3.849%. Illustrating the 5 month yield high… The FN 4.0 is -0-09 at 96-17 and the FN 4.5 is -0-05 at 99-24. Year end always makes me feel lazy for some reason. More to come later…I need to go back out. BOND MARKET CLOSES AT 2PM….(read more)
Written by Adam Quinones on December 31st, 2009 with
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