MBS RECAP: Mortgages Win Flatness Contest Vs Treasuries and Stocks

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Posted To: MBS Commentary

MBS Live : MBS Afternoon Market Summary Flatness... That would be the best characterization for today's range in MBS. Even as Treasuries and equities futures whipped around mildly before the Stock open, MBS couldn't be bothered to move outside a 3 tick range from 103-15 to 103-18. Later in the day, the only semblance of drama in broader markets merely made for a 1 tick expansion of that range as MBS visited 103-14. A-4-tick range is a rare occurrence for production MBS, and even rarer on month-end trading days. Tomorrow brings an impressive glut of European economic data that may well set the tone for the domestic session unless morning data contains outrageous surprises. MBS Pricing Snapshot Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available...(read more)

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Source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/298066.aspx

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