Posted To: MBS Commentary

MBS are off to an uneventful start this morning, quickly capturing back some of the losses that took them near the lows of Friday's session. Similarly, 10yr yields bounced off a supportive ceiling in line with Friday's highs. Stock futures were up sharply, at one point cresting the 1300 mark in S&P's, but bounced lower at the same time Treasuries put in their high yields of the morning and currently sit at 1227.5. Here's a look at MBS Levels across the stack from MBS Live. The fact that stock futures and bond yields are moving with strong correlation this morning speaks to the broader theme this week of a market that isn't planning on receiving much by way of earth-moving data or information. There's a fair amount of domestic economic reports, but with many of them relating either to inflation...(read more)