MBS MID-DAY: Narrow Holiday Range Persists; Claims Data Unimportant

By: Matthew Graham • Thu, Dec 26 2013, 12:32 PM

MBS continue to bounce along at the same prices that characterized the tight range seen during the last 2-3 hours of Tuesday's session. Fannie 4.0s haven't been lower than 102-23 or higher than 102-27.

10yr yields are a bit higher now compared to opening levels, up 1.5bps on the day to 2.998. The morning's Jobless Claims data was a non-event. Even if it had been a more relevant piece of data, there just isn't enough participation in bond markets to meaningfully, logically respond to economic events today.

MBS Pricing Snapshot

Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.

MBS	FNMA 3.0 94-28 : -0-04	FNMA 3.5 99-07 : -0-02	FNMA 4.0 102-24 : -0-01
Treasuries	2 YR 0.4110 : +0.0120	10 YR 2.9980 : +0.0150	30 YR 3.9275 : +0.0265
Pricing as of 12/26/13 11:37AMEST