MBS RECAP: With nothing better to do, obligations to follow Stocks and securities

Access to more precise indications in time real back months TBA Thomson Reuters and Tradeweb. Learn more MBS RECAP: with nothing better to do, Stocks follow bonds and securities

If you have not already heard (say, like 7 or 8 times of us - both until after the fact), calendar of today was light enough for bond markets.  In terms of scheduled economic data, there was nothing significant.  The slow nature of the day has been strengthened right out of the gate that the Japan was on vacation (the Japan is almost solely responsible for the first hours of trading on the day the day in Treasury bills).

European trading did not much to the equation.  Most of the movement has come in response to the stock markets, but also a few titles concerning the situation in Ukraine.  I would hesitate, as a general rule, to the credit of the geopolitical headlines with too much movement at this stage, however.  In the days following a large reaction to geopolitical risk, it tends to get too much credit for subsequent movements.  Of course, it's not that glamorous or cut-and-dry, but simple household for trading positions can be as much a motivation as what either on days like today.

MBS had a better day in terms of their recent underpeformance vs treasures (something that we discussed in terms of probability, last week).  To quantify that, Fannie s 3.5 closed territory slightly stronger that best levels Friday so that 10 yr yields may not quite the same request.  The two has ended the day barely higher after falling levels much stronger this morning.

Priced below are delayed, note the timestamp at the bottom. Real time pricing is available via MBS's Live. Price from 5:36PMEST 21/07/14 re-evaluated today alerts and updates 13:23 : issued alert: markets bond slide after European fence; Negative to recalculate the risk factors 10:47 : market bond Gains accelerate as Stocks Slide 09:01 : bond markets hold Gains by weekend as to intensify global Tensions Jay Rodriguez : ' Tony, just IRRL may not be increased by more than 20% of PI, or veterinarian must qualify for credit. '' Tony Cardinal : "question IRRL goes for everyone... the P & I must it have a reduction of 5% for payment as an FHA loan?" Matthew Graham : "not really." "In general, I think that fence gets more credibility of the analytical community" Hugh w. Page : "MG you lend more credibility during closing or intraday high or low? It looks like the latter? Thoughts" Matthew Graham :" Yes, I think that it is because we are quite near the highs 'stably spread' of the year, then the absolute records were more short and spiky.» Should be easy to see expanding graphic to a display of 6 months and using chandeliers to see the commercial range of every day. » Michael Mitchell : 'thanks... '. "Based on the lender pricing - feels closer than it..." Michael Mitchell : "MG - Perspective-good value for money this year in version 3.5?" Discuss the MBS and mortgage markets on our dashboard streaming

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