MBS Day Ahead: Bonds Gearing Up For Unfriendly Fed

All bonds and fixed income products are subject to a number of risks, including the possibility of issuer default, credit risk, market risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities.

MBS Performance and Volumes 30-year MBS had a very strong session on Wednesday, after dovish comments from Fed Chairman Powell triggered a sharp steepening of the Treasury yield curve. Virtually all liquid 30-year fannie coupons outperformed the 10-year note by 5/32s, while Ginnie IIs outpaced 10s by as much as six ticks.

The 2-year note yield was up 0.9 basis point to 1.774%, while the 30-year bond yield was also up by 0.9 basis point to 2.476%. Bond prices move in the opposite direction of yields. What’s driving Treasurys? Investors are nervously gearing up for the nonfarm payrolls data at 8:30 a.m. Eastern time.

It most frequently comes up in some iteration of the following. Especially with respect to the middle chart, it looks like bonds are at the top of their trend channels, even if the overall.

Posted To: MBS Commentary It would be a tad extraordinary to say that premiums are at a crossroads as we head into the end of September, until there&#039s any supplemental weak spot this 7 days. That&#039s because any supplemental weak spot will deliver yields nearer to breaking 2018&#039s prior significant of 3.128% established on May 18th, 2018.

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In gearing up to hear what Powell has to say. Powell’s testimony is actually that he would say something bond-friendly (because markets are pricing in an aggressive Fed, despite recent dovish.

Ted Weisberg, president of Seaport Securities, talks about what to expect of fed chairman ben bernanke’s testimony before Congress Tuesday and recent remarks from President Barack Obama.

Market Post: Munis Firm, Gear Up for the Return of Long Bonds. as surging demand for longer-dated Treasuries ahead of the first 30-year bond auction in five years, set for Thursday, led to a.

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Monday’s Suggestion Float Until Fed Release 2 PM ET Wednesday. June 12th, 2017. Suggestion: Mortgage Bonds are near unchanged ahead of the two-day Fed meeting that kicks off tomorrow. Carefully floating is recommended. Overview: The two-day Fed meeting begins tomorrow and ends Wednesday with the 2:00 p.m. ET release of the monetary policy statement.