MBS Day Ahead: Glut of Economic Data and Auctions vs Stock Lever
By:
Matthew Graham
•
With the introduction of the 2-Year Floating Rate Note Auction occupying yesterday's auction time slot, today will see both the 5 and 7yr auctions at 11:30am and 1pm respectively. That makes for a busier afternoon than usual, even for a Thursday (which already has several regularly recurring calendar events, including weekly Fed MBS buying).
The morning hours are no slouch, with two upper-middle tier economic reports at 8:30am in the form of Final GDP for the 4th quarter and Jobless Claims. That will be followed by Pending Home Sales at 10am.
Taken together, that makes for a fairly busy Thursday, but given the recent behavior of the stock lever, the economic data could easily lose out to a determined move in equities.
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 96-28 : +0-00 | FNMA 3.5 101-06 : +0-00 | FNMA 4.0 104-19 : +0-00 |
| Treasuries | 2 YR 0.3593 : +0.0083 | 10 YR 2.6968 : +0.0218 | 30 YR 3.6256 : +0.0046 |
| Pricing as of 1/30/14 7:00AMEST | |||
| Tomorrow's Economic Calendar | ||||||||||||||||||||||||||||||||||||
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