The 10-year yield was trading in a range of less than 3 basis points during the domestic session today. From 10.30 a.m. this range narrowed to just 1 bp. We haven’t had a day like this for a long time – at least 3 weeks. When things are flat and boring, there’s not much to say that hasn’t already been said this morning.
Fed MBS purchases 10 a.m., 11:30 a.m., 1 p.m.
Unemployment claims 348k vs 363k f’cast, 377k prev
Philly Fed Index 19.4 vs 23.0 f’cast, 21.9 prev
Stronger in Europe after opening in Asia. Domestic hours have gone to sellers. Data had no influence. In-game technical resistance at 1.22+ in 10 years. Currently up to 1.252% but still 1 basis point lower on the day. MBS are effectively unchanged at 101.34 (101-1).
Government bonds stabilized after 10 a.m. and MBS were slowly recovering. Everything happened in a wider, narrow, lateral area. Very calm, zoned session. MBS increased by an eighth point. 10-year yield down 2 basis points to 1.24%
MBS is bouncing back a bit from the best levels, but 2.0 coupons are still 0.06 higher (+2 ticks) on the day at 101.41 (101-13). The 10-year yield is up 1.3 basis points to 1.247%. Didn’t read too much in the last 30 minutes.
MBS pricing overview
The price shown below is delayed, please refer to the timestamp below. Real-time prices is available through MBS Live.
101-12: + 0-01
|Prices from 08/19/21 4:31 p.m.|
Today’s reprice notifications and updates
9:32 a.m. : Stronger overnight but seeing some push backs
MBS live chat highlights