Boring, placeholder for a day 1 hour, 4 minutes boring, placeholder for a day Now that the pinning title has caught your eye, you might be dismayed to learn that it was really just a placeholder for a boring day. The bonds started out fairly flat, made some gains at the 8:20 am CME open, and then held fairly flat for the rest of the day. The 10k yields skewed irrationally upward, while MBS might best be described as really sideways. Attention has clearly shifted towards next week’s Fed rate hike and press conference. If anything, it is somewhat reassuring to see Bonds give up the urge to surrender on a summer Friday after yesterday’s range breakout, but there is no point in counting chickens until next Wednesday afternoon at the earliest. 09:10 a.m. Relatively stable overnight. Strongest after 8:20 am. The 10 year is down 4 basis points at 3.82 and MBS is up 6 points (.19). 12:14 PM Sideways to slightly weaker so far. 5.5 coupons now amounts to only 3 points (0.09). The 10-year contract decreased by 2.7 basis points, at 3,831. 04:01 PM No change from the previous update in MBS. The 10yr yield rose another 1 basis point, at 3,841. Download our mobile app to get alerts on MBS Suspension, MBS Stream and Treasury Rates.
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