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MBS RECAP: No Love For Bonds at Month-End
Posted to: MBS Commentary
Wednesday, October 31, 2018 4:13 PM
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Bonds ended the day in weaker territory with 10yr yields rising roughly 3bps and Fannie 4.0 MBS losing nearly a quarter of a point.
Much like yesterday, bonds lost most of their ground in the overnight session. Much like yesterday, an absence of drama in equities markets gave way to bond losses. Taken together with the last 4 trading sessions, bonds look as though they’re bouncing at 10yr yield levels near 3.06. In that sense, today’s modest weakness offers another bit of confirmation for that bounce. The counterpoint is that yields seemed similarly…
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