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Posted To: MBS Commentary
MBS Live : MBS Afternoon Market Summary Today's session offered a refreshingly straightforward level of connection between economic events and market movement. Even in the overnight session, weaker Industrial output data and Italian bond auctions helped fuel demand for Treasuries. This led to the best yields of the week by the time domestic trading got underway--fairly vulnerable to a strong Retail Sales print. Even though the internals of the report mitigated some of the strength of the headline, excluding gas, autos, and building materials, Sales still rose 0.4 percent versus 0.2 percent expectations. That prompted heavy selling in bond markets, but not enough to challenge previous yield highs in Treasuries or price lows in MBS. In that regard, MBS held a bit firmer than the soon-to-be-auctioned...(
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http://www.mortgagenewsdaily.com/mortgage_rates/blog/299929.aspx - For more real estate news visit our website at http://www.AzHomeHelp.com
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