MBS RECAP: Bonds Under Pressure After Stronger Econ Data

After weeks of debate the ECB has settled on a new and radical form of unlimited bond. economic data from China showing disappointingly slow domestic demand growth and from Japan showing that Q2.

Mortgage rates today, April 11, 2019, plus lock recommendations The average lender’s rate/fee combo was at least as low as it had been on Friday.. Today’s Rates Best Execution.Mortgage rates today, December 28, plus lock recommendations If Libor is 6%, the yield on XAN-C will be 11.927% (6% plus. rate provision). In fact, if XAN-C were to trade at the current stripped yield offered by similarly.

The U.S. dollar ended the month 1.9% stronger against its G10 counterparts, supported by strong economic data in the U.S. and soft growth momentum in the rest of the world. The euro fell 2.5% against the dollar on weaker-than-expected economic data and Italian budget concerns. The British

Mortgage rates moved higher today as bond markets continued a mildly weaker trend for the month of April. Bonds (which underlie rates) are under pressure for a variety of reasons. The most notable headwinds are longer-term and bigger-picture.

Mortgage backed securities (MBS) lost -32 basis points (BPS) from last Friday’s close which caused fixed mortgage rates to move higher for the week. The bond market was under pressure (higher rates) due to inflationary data (CPI 2.4%) and several major bond funds (most notably PIMCO) recommending lightening up on bond holdings.

Fixed Income Investors May 2015 1 Market Summary A global rates sell-off began in May re-pricing bonds across Europe, Asia, and the United States. We expect the U.S. economy to grow closer to 2.5% over the next several quarters.

We favor financials with strong capital over industrials, which have generally increased balance sheet leverage over the past several years. We expect near-term performance in the mortgage-backed securities (mbs) sector to remain under pressure as the pace of Fed balance sheet restructuring leads to an accelerated reduction in its MBS holdings.

Posted To: MBS Commentary. Bond markets improved overnight, but were under pressure in the morning after stronger ISM Manufacturing data and then again following the release of the Minutes from the December Fed meeting. By the end of the day, a chart of 10yr treasury yields looked like an EKG returning to a baseline.

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