MBS MID-DAY:Steady Improvements After LTRO Repayment News, Block Trades

Hot news from AZ Home Help:

Posted To: MBS Commentary

MBS Live : MBS Morning Market Summary On this data-free Friday, domestic markets have been relegated to watching tradeflows after a more interesting overnight session. To that end, the first part of the night was negative for bond markets with more of "risk-on" tone out of Europe following a stronger IFO Business Climate survey as well as better-than-expected Retail Sales in Italy. But news that that the most recent installment of the ECB's LTRO (long term refinancing operation) repayments was less-than-expected helped reverse the weaker trend. This was primarily seen in German Bunds first, but domestic accounts have increasingly gotten on board with several block trades in 5yr futures leading the charge at 7:15am NY time. The rest of the morning has been a technically-driven grind back in...(read more)

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

Source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/297105.aspx

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