FHA Loan Limits Officially Increase; Breaking Down The Crazy Relationship of MBS, Mortgage Rates, and Treasuries
Breaking Down The Crazy Relationship of MBS, Mortgage Rates, and Treasuries Bonds showed up to sell today--at least Treasuries did. MBS, not so much! That was the focus of the morning commentary and today's recap video offers additional clarification and detail for those seeking a deeper understanding. In terms of actually recapping today's market action, fiscal headlines were in focus after tradeflow-based weakness at the start of the day. 0.96% technical support generally held firm for Treasuries, but buyers were not eager to push back in the other direction. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) ADP Employment 307k vs 410k f'cast, 404k prev Market Movement Recap 08:19 AM Bonds were roughly unchanged overnight, with a token rally during Asian hours
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