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Posted To: MBS Commentary
MBS Live : MBS Afternoon Market Summary Though MBS began the day in weaker territory than Treasuries, they were able to (eventually) keep pace with much of the rally that followed this morning's big miss in the ISM Manufacturing data. Relative to morning levels, bond markets were glowing on both sides heading into the noon hour, even if the rally was over-boosted by short covering (traders who had been betting on higher rates closing their positions by buying bonds after the weak economic data). But vs Friday's levels, MBS never saw the same day-over-day improvements as Treasuries and the disparity went from bad to worse heading into 1pm. Though there were technical and tradeflow considerations in play, comments from Fed's Lockhart--simply reiterating the possibility of near term tapering-...(
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http://www.mortgagenewsdaily.com/mortgage_rates/blog/311120.aspx - For more real estate news visit our website at http://www.AzHomeHelp.com
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