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Treasury to Sell MBS Holdings. Minimal Shock Expected
Posted by: | CommentsPosted To: MBS Commentary
Today, the U.S. Department of the Treasury announced that it will begin the orderly wind down of its remaining portfolio of $142 billion in agency-guaranteed mortgage-backed securities (MBS). Excerpts from the Presser… Starting this month,Treasury plans to sell up to $10 billion in agency-guaranteed MBS per month, subject to market conditions. At the end of each month, Treasury will post on its website the total agency-guaranteed MBS sales it has made, broken down by coupon and agency. “We’re continuing to wind down the emergency programs that were put in place in 2008 and 2009 to help restore market stability, and the sale of these securities is consistent with that effort,” said Mary J. Miller, Assistant Secretary for Financial Markets. “We will exit this investment…(read more)
MBS MID-DAY: Holding Near Intraday Lows
Posted by: | CommentsPosted To: MBS Commentary
MBSonMND : MBS MID-DAY Open MBSonMND Dashboard FNMA 3.5 94-27 : -0-15 FNMA 4.0 98-29 : -0-14 FNMA 4.5 101-31 : -0-15 FNMA 5.0 104-21 : -0-14 GNMA 3.5 95-27 : -0-15 GNMA 4.0 100-14 : -0-13 GNMA 4.5 103-12 : -0-13 GNMA 5.0 106-01 : -0-12 FHLMC 3.5 94-22 : -0-16 FHLMC 4.0 98-22 : -0-16 FHLMC 4.5 101-26 : -0-17 FHLMC 5.0 104-15 : -0-15 Pricing as of 11:00 AM EST Morning Market Updates A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBSonMND Dashboard . 10:51AM : Support Continues to Hold for MBS and Treasuries After putting in their weakest levels of the morning following news that Treasury will begin to sell their MBS holdings, 10yr benchmarks and FNCL 4.5’s are progressing sideways in a tight range just off those lows. 10yr yields are currently at 3.347 and haven…(read more)
MBS RECAP: Sideways Session
Posted by: | CommentsPosted To: MBS Commentary
MBSonMND : MBS RECAP Open MBSonMND Dashboard FNMA 3.5 95-11 : -0-01 FNMA 4.0 99-11 : -0-01 FNMA 4.5 102-13 : -0-01 FNMA 5.0 105-02 : -0-01 GNMA 3.5 96-09 : -0-02 GNMA 4.0 100-25 : -0-02 GNMA 4.5 103-23 : -0-02 GNMA 5.0 106-13 : -0-02 FHLMC 3.5 95-05 : -0-01 FHLMC 4.0 99-05 : -0-02 FHLMC 4.5 102-09 : -0-02 FHLMC 5.0 104-29 : -0-01 Pricing as of 4:00 PM EST Afternoon Market Updates A recap of MBS Market Updates provided by MND Analysts and streamed live to the MBSonMND Dashboard . 2:51PM : Stocks Continue Decline, Keeping Bonds Even Stocks had opened the day quite a bit higher, but have been declining all day. With a fairly connected stock lever, these declines have helped bonds lose at a much gentler pace. The range of prices and yields is still ridiculously narrow. FNCL 4.5’s are still within…(read more)