MBS RECAP: Drifty Day, Treasuries Hold Weekly Gains, MBS Underperform.
Drifty Day, Treasuries Hold Weekly Gains, MBS Underperform.
With a strong move last Friday, the bond market was able to end the week at slightly stronger levels than those seen at the end of the previous week. This is more readily seen on the Treasury side of the market where yields were under 1.26% at the 3pm CME close versus roughly 1.30 on Friday afternoon. MBS underperformed, ultimately returning to ‘unchanged’ levels in the 4pm hour even as Treasuries…
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