MBS RECAP: Widespread Positive Reprices as Bonds Levitate
By:
Matthew Graham
•
Stocks gained a bit of ground today. Oil prices were significantly higher--building on a strong 3-day bounce. But on both accounts, bond markets didn't get the memo. Bond prices continued to levitate despite a relative lack apparent justification.
There was some justification in the the morning with ultra weak Durable Goods data and in the afternoon with the incredibly strong 7yr Auction. But even then, bonds have been doing a little bit better than it seems like they should be. This is likely a factor of the month-end bond trading environment, considering tomorrow is the last trading day of the month.
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 3.5 104-16 : +0-01 | ||
| Treasuries | 10 YR 1.9820 : -0.0210 | ||
| Pricing as of 1/28/16 5:40PMEST | |||
Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
1:15PM : Bonds Settling Into Positive Territory After Strong 7yr Auction
9:21AM : ALERT ISSUED: Negative Reprice Risk Unfortunately Already Increasing
8:56AM : Bond Markets Rally After Huge Durable Goods Miss
MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
John Paul Mulchay : "I love it when our community can assist with supporting the LO position when advocating for our clients with underwriters!"
Hugh W. Page : "Love it when we prequal a borrower a month ago and he goes under contract and now we get to tell him rates are 25bps better :)"
Timothy Baron : "Check Flagstar guides on that JPM."
John Paul Mulchay : "Looking for post ch 13 assist. No score reporting. FHA does not require re-established credit. Spouse has credit and FICO strong enough for FHA purchase-high 600's. Will alt trade lines be necessary for B2? 4001 is ambiguous with this topic."