Sunday, December 10, 2023 | The Latest Buzz for the Appraisal Industry

MBS RECAP: Active Day for Bond Markets; Happy Ending Despite Poor Auction

By Matthew Graham

Posted To: MBS Commentary

MBS and Treasuries both spent time trading on either side of unchanged today. The swings between the days highs and lows were bigger than normal , and the tenor of the day was never lopsided in favor of bulls or bears. Case in point, 10yr yields are heading out not even 1bp lower than yesterday’s latest levels and Fannie 3.0s are up only 3 ticks. The overnight session began with Japan returning to markets after a 3 day weekend. Asian accounts were better buyers of Treasuries which started things off on a positive note as far as MBS implications are concerned. The European session brought even more positivity as German Bunds and US Treasuries rallied together. 10yr yields hit a new 19 month low at 1.864. By the time domestic traders began firing on all cylinders, it was clear they wouldn’t…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: MBS RECAP: Active Day for Bond Markets; Happy Ending Despite Poor Auction


Mark Buhler

The Surfing Appraiser

Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Appraisers, and surfers, have varying levels of

Read More »
Timothy Andersen, MAI, MSc., CDEI, MNAA

“Naked, Unarmed, and Alone?”

Question: “My state board recently charged me with authoring a misleading report. I got the client to write a letter to the state indicating my

Read More »