Along with the Friday after Thanksgiving, Christmas Eve is typically the lightest trading day of the year. Today was no exception with both volume and volatility at a minimum. MBS mostly held inside a 1 tick (0.03) range, which is about as narrow as it gets. All this despite Trump’s veto of the defense spending bill raising the possibility of a shutdown on Monday and the Brexit trade deal finally being confirmed.
Market Movement Recap
Sideways overnight in extremely low volume and light trading. Nothing to be gleaned unless the level of activity changes drastically. 10yr yields down less than a bp and MBS up 1 tick (0.03).
This will be the last movement update of the day unless something impressive happens. Bonds have been almost perfectly flat and lifeless all day.
MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
103-16 : +0-02
0.9310 : -0.0240
|Pricing as of 12/24/20 12:49PMEST|
Today’s Reprice Alerts and Updates
9:21AM : Bonds Roughly Unchanged Amid “Might As Well Be Closed” Volume Levels