MBS MID-DAY: In Positive Territory, But Weaker After Fiscal Cliff Headlines

Hot news from AZ Home Help:

Posted To: MBS Commentary

MBS Live : MBS Morning Market Summary Bond markets improved steadily and uneventfully in the overnight session ushering Treasuries 2-3 bps lower (10yr yields) and paving the way for MBS to open up 2 ticks higher in Fannie 3.0s. Most of the first two hours of the morning continued the positivity for bond markets while equities futures hit their lowest levels of the week at 10:06am. All of the above was helped along by comments from Erskine Bowles' on a Fiscal Cliff deal being unlikely before the end of the year as well as weaker-than-expected New Home Sales . The volume and volatility picked up roughly 20 minutes later as Speaker Boehner was out with optimistic comments on Fiscal Cliff negotiations. Notably, the comments weren't at all dissimilar from things he's said previously regarding "revenues...(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