Posted To: MBS Commentary
If today wasn’t a record in terms of positive reprice reports from MBS Live users, it was right up there. 44 have come through as yet, and it’s not unheard of for reprices to hit even later. Their combined affect has been strong, but not epic–just barely enough to make today the biggest-gaining day in February. Admittedly, that doesn’t take much doing on such an awful month, but no one’s complaining. As for the motivation, today was all about the Fed , or rather, all about Fed Chair Yellen. In short, US bond markets had broken away from European bond markets at the beginning of February, with an especially strong move after the freakishly good NFP numbers. This kicked off snowball momentum and was further fueled by fears that European bond markets had bottomed. Things have…(read more)
Via:: MBS RECAP: Possibly a Record Day For Positive Reprices
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