MBS RECAP: Almost Like FOMC Never Even ... - Archibald Relocation

MBS RECAP: Almost Like FOMC Never Even Happened

Whether you want to chalk it up to the European markets dragging domestic markets down, vice versa, or some of both, the price action in Treasuries and MBS was clear today. ?The post-FOMC weakness was not only unwound, but bond markets made it a point to level off in ranges not associated with yesterday?s FOMC-related trading. ?That has been largely beneficial for MBS as they covered all the ground lost yesterday. ?Several lenders repriced positively this afternoon after MBS put in a strong, linear, orderly rally effort in the morning hours. ?Everything went sideways after the European close?perhaps there?s a connection there. ?Perhaps it?s incidental. ?Whatever the case, bond markets weren?t quite feeling a break to even stronger levels and are coasting out the door now in a medium-small sideways range, though erring a bit on the weak side of that range at the moment.

This entry was posted on Monday, June 25th, 2012 at 4:34 pm and is filed under Mortgage. You can follow any responses to this entry through the RSS 2.0 feed.

mickelson how to tie a tie snl green bean casserole sweet potato recipes the sound of music celebration church