Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary MBS are tanking this morning in just about as negative a scenario as we could imagine short of a major headline market mover. Yesterdays headlines may be continuing to have some effect in that the congressional calls for Demarcos resignation coupled with the reintroduction of the Boxer bill could be weighing on prices. More than anything though, illiquid trading conditions, both because of the roll (monthly MBS coupon settlement) and the snowstorm in the East coast, have weighed on MBS relative to broader bond markets. Making matters significantly worth this morning is incremental weakness in broader bond markets! Treasuries fared well overnight, but began edging higher in yield into the domestic stock market opening bell at 9:30am. 10yr yields were just...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
http://www.mortgagenewsdaily.com/mortgage_rates/blog/295130.aspx| Call Bonnie Kelly for all your real estate needs: 505-350-8672 @
uwad.com
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