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.

20201106 open1.png


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

Treasuries

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

Source link

Courtesy of Mortgage News Daily

Leave a Reply