The Day Ahead: Bernanke, $24 Billion 10s, GSE Reform Hearing

Hot news from AZ Home Help:

Posted To: MBS Commentary

Treasury yields weakened overnight with the benchmark 10-year note trading in a range between 3.71% to 3.77%, versus the Tuesday close at 3.72%. Treasuries have weakened in the past seven sessions as money continues to flow into equities. Analysts at Thomson Reuters called the weakening “sensible enough” considering the 10-year auction at 1pm today. "We have yet to see all out snowball selling in the bond market but we've definitely noticed hedgers preparing for a potential shift in duration bias. This should make rate watchers nervous. We're teetering on another sharp move higher in mortgage rates" added MND's Adam Quinones. The 10-year Treasury note is currently attempting a modest recovery bounce with a 6/32 gain to 91-05 yielding 3.711% (-2.6bps). The FNCL 4.5 is +3/32 at 100...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: www.mortgagenewsdaily.com

- For more real estate news visit our website at http://www.AzHomeHelp.com