MBS MID-DAY: Jobless Claims Fail To Challenge Narrow Range

Hot news from AZ Home Help:

Posted To: MBS Commentary

MBS Live : MBS Morning Market Summary Yesterday's highest 10yr yield was 1.727 seen just after 6am New York time. Today's high yield? 1.727, seen both at 8:37am following Jobless Claims and again just now in the 11am hour. It COULD break, but hasn't yet. MBS are even more contained, trading well inside yesterday's range and only 1 tick lower at the moment. All this despite stronger-than-expected data, one more Treasury Auction to take down this afternoon, and a stock market rally. The conclusion is that there's just as much will to keep a lid on rates as there is to reinforce a recent floor (connoted by 1.68 in 10yr yields, give or take, and a ceiling around 104-11 in Fannie 3.0 MBS). With each passing day this week, we continue to be impressed--surprised even--by how narrowly contained the...(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/305953.aspx

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