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.
MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
MBS |
UMBS 2.0 103-19 : -0-05 |
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Treasuries |
10 YR 0.8303 : +0.0523 |
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Pricing as of 11/6/20 10:13AMEST |
Tomorrow’s Economic Calendar | ||||||||||||||||||||||||||
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By Matthew Graham , dated 2020-11-06 10:15:35
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Courtesy of Mortgage News Daily