MBS RECAP: 1/23/2012
By:
Matthew Graham
•
MBS Live: MBS RECAP
| Open MBS Live Dashboard | ||||||||||||||
|
|
|
||||||||||||
| Pricing as of 4:00 PM EST | ||||||||||||||
Afternoon Market Updates
A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBS Live Dashboard.
1:01PM :
ALERT:
MBS Near Highs of The Day, Positive Reprices Reported
Fannie 3.5's are up to 102-21 (still 1 tick down on the day, but well off earlier lows at 102-13). This has been enough for one lender to reprice for the better, but we probably won't see too many more unless we see further gains, or if current levels hold very flat for the rest of the day. Even then, it's the "further gains" thing that we really need.
10yr yields are off their highs and managed to make it through the previously discussed pivot point (active analysis on the 10yr chart) just over 2.06 and are currently trying to hold the same level as a supportive overhead ceiling. Just as breaking the pivot the first time was a positive for MBS, so too would be 10's potential ability to hold it now as support.
10yr yields are off their highs and managed to make it through the previously discussed pivot point (active analysis on the 10yr chart) just over 2.06 and are currently trying to hold the same level as a supportive overhead ceiling. Just as breaking the pivot the first time was a positive for MBS, so too would be 10's potential ability to hold it now as support.
Featured Market Discussion
A recap of the featured comments from the Live Discussion on the MBS Live Dashboard.
Ira Selwin : "REPRICE: 3:13 PM - Franklin American Better"
Matthew Graham : "RTRS-8 DEALERS SEE FED ANNOUNCING QE3 DURING H1 2012; MEDIAN OF FORECASTS FOR QE3 IS $600 BLN (VS $525 BLN IN JAN 6 REUTERS POLL) "
Matthew Graham : "RTRS - POLL-12 OF 17 DEALERS SAY THE FED WILL EVENTUALLY ANNOUNCE ANOTHER ROUND OF QUANTITATIVE EASING "
Matthew Graham : "RTRS - POLL-10 OF 16 PRIMARY DEALERS SAY FED WILL NOT, OR PROBABLY WILL NOT, ADOPT A SPECIFIC INFLATION TARGET AT THIS WEEK'S POLICY MEETING "
Matthew Graham : " - REUTERS POLL-8 OF 15 U.S. PRIMARY DEALERS SEE MEDIAN OF FED'S INTEREST RATE FORECASTS TO SHOW FIRST HIKE IN H1 2014 "
Dan Clifton : "REPRICE: 1:07 PM - 360 Mortgage Better"