10yr yields already showed their lack of bullish conviction when it came time to challenge a floor at .72%.  If anything the message was that additional rally momentum would be hard to come by as yields vaulted back up to .79.  Today, they’re showing more of a willingness to challenge overhead ceilings with yields already up to .83% after a stronger jobs report and updated vote counts in GA/PA.  Thankfully and almost unbelievably, MBS CONTINUE to outperform at a never-before-seen pace.

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MBS Pricing Snapshot

Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.


UMBS 2.0

103-19 : -0-05


10 YR

0.8303 : +0.0523

Pricing as of 11/6/20 10:13AMEST

Tomorrow’s Economic Calendar

Time Event Period Forecast Prior
Friday, Nov 06
8:30 Non-farm payrolls (k)* Oct 600 661
8:30 Unemployment rate mm (%)* Oct 7.7 7.9
10:00 Wholesale inventories mm (%) Sep -0.1 -0.1

By Matthew Graham , dated 2020-11-06 10:15:35

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Courtesy of Mortgage News Daily

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