MBS RECAP: Day without incident of bonds markets relatively stable sheets; Registered results below MBS

Access to more precise indications in time real back months TBA Thomson Reuters and Tradeweb. More MBS RECAP: day without incident of obligations leaves markets relatively stable; Registered results below MBS

As the trades last few day trickle in, MBS are fixed to close almost perfectly in line with levels of closing yesterday.  Even before that, it was not eventful to talk about.

The main force of European trade has been slightly negative this morning, but the MBS and treasuries remained inside the lowest levels of yesterday.  Producer prices came in 'good health', and while some credited these data further weakness in the morning, I do not see it.  Obligations were already on a recovery and we are talking about the yields of about 2,560 to 2.567 in 10 years.

It is a bit easier to make a case for the weaker Industrial Production at 9:15 as a modest benefot to bond markets.  More than anything , collapse of stocks and flows of "asset allocation" (fund managers sell stocks to buy bonds) helped keep the range contained for MBS.

Despite the diversity of content, however, MBS has struggled somewhat compared to the Treasury bills.  10 yr yields are close to their 2 best days levels while MBS are roughly in the middle of their.  This incompetence has been a fairly constant theme for almost 2 weeks now.

Second day of Yellen's testimony provided Congressional nothing more that a few good laugh.  There is no significant market reaction.  The calendar is a bit more go tomorrow with unemployment insurance, starts and Philly Fed.

Priced below are delayed, note the timestamp at the bottom. Real time pricing is available via MBS's Live. Price starting from 16/07/14 4:42PMEST recalculate alerts and updates of today 11:10 : return to unchanged as Stocks Slide levels 09:05 : slightly lower than after neutral bond markets night Session Nathan Miller : "thx rob, it's, you know their requirement of pmt down on a purchase off-hand?" Robert clark : "#NMSI if the loan amount exceeds $ 417,000" Nathan Miller : "Apart from hard money lenders, someone knows a lender from income reported for a deal in CA? self emp brwr. » William Hansen : "10 yr green red FNMA 3.5." I hope that the FNMA is transformed. "Discuss the MBS and mortgage markets on our dashboard streaming"

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