MBS RECAP: Another Calm Afternoon Leaves MBS in Positive Territory

By: Matthew Graham •

It's getting a bit eerie at this point.  MBS have had extra calm afternoons every day this week, and haven't lost meaningful ground on any of them.  On an optimistic note, Treasuries may be in the process of confirming a bounce off the inflection point at 2.46/2.47 (meaning it was a 'floor' for yields into July and has now become a ceiling in August).  Today marks the first move decidedly lower after bumping into the inflection point for the past 2 sessions.

Positivity came courtesy of overnight economic data in Europe, domestic economic data this morning, and the completion of the week's Treasury auction cycle.  The only pessimistic note is that bonds have yet to make a convincing move back toward last week's best levels.

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
98-31 : +0-08
FNMA 3.5
102-21 : +0-07
FNMA 4.0
105-23 : +0-05
Treasuries
2 YR
0.4160 : +0.0000
10 YR
2.4030 : -0.0250
30 YR
3.1930 : -0.0480
Pricing as of 8/14/14 5:18PMEST
Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
1:12PM  :  Bond Markets Bounce Back After Strong 30yr Auction (Maybe Not as Much as We'd Like)
12:41PM  :  ALERT ISSUED: Negative Reprice Risk Incrementally Higher
12:25PM  :  ALERT ISSUED: Right on the Edge of Negative Reprice Risk
9:28AM  :  Bond Markets Bounce Back From Overnight Weakness
MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Hugh W. Page  :  ""Borrowers may waive both the seven-day and three-day waiting period to meet a bona fide personal financial emergency. However, if the TIL Statement is out of tolerance, the waiver is no longer effective. After re-disclosure, borrowers must submit a signed statement describing the emergency." "
Clay Schmeisser  :  "does anyone know of any waiver a buyer can sign to not have to wait the 7 business days to close on a new purchase? current lender buyer is working with dropped the ball and the file has passed the COE."
Victor Burek  :  "Santelli gave it a A"
Joseph Watts  :  "SOLID!!"
Matthew Graham  :  "A, maybe A+"
Matthew Graham  :  "RTRS - U.S. 30-YEAR BOND BID-TO-COVER RATIO 2.60, NON-COMP BIDS $24.25 MLN"
Matthew Graham  :  " RTRS- U.S. SELLS $16 BLN 30-YEAR BONDS AT HIGH YIELD 3.224 PCT, AWARDS 91.15 PCT OF BIDS AT HIGH"