MBS RECAP: Slightly Positive Tilt, But No Lift-Off

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Posted To: MBS Commentary

MBS Live : MBS Afternoon Market Summary It's almost as if bond markets have been in a slow motion countdown to next week's events since April 15th. We've seen essentially no movement during that time and reasonably fierce defense of very narrow range boundaries. Specifically, the majority of instances where bond trading actually seems to have some conviction are those where trading levels have been trying to stay inside the narrow range. On day's like today where Jobless Claims are stronger than expected and stocks are rallying, that's been a fine thing for the mortgage world. The spread between MBS and Treasuries has also performed well this week, resulting in gains for MBS while Treasuries are slightly weaker. Strength aside, MBS made no attempt to challenge yesterday's highs, instead spending...(read more)

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Source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/306035.aspx

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