MBS RECAP: More Intraday Volatility But Little-Changed at The Close

Hot news from AZ Home Help:

Posted To: MBS Commentary

MBS Live : MBS Afternoon Market Summary MBS walked in the door in positive territory this morning and are currently heading out the door in roughly the same shape. That nearness to opening levels belies the intraday volatility however. This began with a rally to the best levels of the year for both MBS and Treasuries. Lackluster Chicago PMI helped everything move together in a risk-off direction after the cash open in Stocks (risk-off implies bond rally and stock selling). Some of the levity in Treasuries was attributed to short positions (those betting on higher rates) getting stopped out (being forced to buy, covering their short to protect against further losses). Whether or not that was a warning that 1.638% in 10yr yields was tenuous and temporary will never be known as Apple's corporate...(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/306632.aspx

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