MBS LUNCH: Modest Recovery After Hitting 5 Month Yield Highs
December 31, 2009 – 9:12 amPosted To: MBS Commentary
After hitting 5 month yield highs early in the session, rates have made a modest recovery back towards their recent range. Prices are now heading sideways in "status quo" territory. Volumes are below average. The 10yr note is -0-14 at 96-04 yielding 3.849%. Illustrating the 5 month yield high... The FN 4.0 is -0-09 at 96-17 and the FN 4.5 is -0-05 at 99-24. Year end always makes me feel lazy for some reason. More to come later...I need to go back out. BOND MARKET CLOSES AT 2PM....(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.