5/10/16 Roll Over

5/10/16 Roll Over

When the price of Mortgage Backed Securities (MBS) on the above chart above goes up mortgage rates come down.  When the price goes down mortgage rates go up.

Prices and the chart will look different tomorrow due to the monthly rollover.  This will not have an affect on yields.  Prices were flat at the close today.  Let me know if you have any questions.




Below is the news when it happened and market reaction.  All of the times below are Eastern Standard Time


End of the Day

Not much action in the MBS markets today as prices stayed close to the opening prices. There were no economic reports to impact trading nor were there any glaring financial or geo-political headlines. The 3% Fannie 30-yr closed unchanged at 102.88. Stocks rallied on soaring shares of Amazon fueling the best day in nearly two months for the closely watched S&P 500. The Dow gained 221.44 points to 17,928.35, the S&P was up 25.70 points to 2,084.39, while the Nasdaq rose 59.67 points to end at 4,809.88. WTI oil was last seen at $44.54/barrel, +$1.09. 10-yr yield 1.76%. There are no major economic reports being released tomorrow.
Tue, May 10 4:44 PM - The Monthly Bond Rollover will take place after the close of trading this evening.
Tue, May 10 3:56 PM - Soaring shares of Amazon help to fuel the rally in Stocks. Dow closing up 200+ points higher. Best day for Equities in nearly a month.
Tue, May 10 1:27 PM - The Mortgage Bond market is open, just little movement.
Tue, May 10 1:08 PM - The $24B 3-yr Note auction garners a "C-" rating.
Tue, May 10 1:02 PM - At midday, MBS near unchanged, Stocks rallying. Dow up nearly 200 points.
Tue, May 10 11:34 AM - MBS continue to trade in a tight range for the past hour. Dow up 175 points.
Tue, May 10 10:35 AM - Job openings in the U.S. near a record high as seen in the JOLTS report.

10:12 AM New Rates have been posted http://www.johnmarbury.com/page5.html/

Tue, May 10 9:37 AM - Stocks open higher - Dow up 112 points.
Tue, May 10 9:02 AM - The net share of American who say that it is a good time to buy a house fell 3 percentage points to 30%, reaching an all-time survey low.
Tue, May 10 8:33 AM - U.S. dollar index 94.20, +0.09.
Tue, May 10 8:28 AM - WTI oil $43.66/barrel. +$0.22.
Tue, May 10 8:27 AM - 10-yr T Note yield 1.75%.
Tue, May 10 8:22 AM - The JOLTS (Job Openings and Labor Turnover Survey) will be rleased by the Laboe Department at 10 a.m.
Tue, May 10 8:21 AM - There are no economic reports due for release today.
Tue, May 10 8:20 AM - The Treasury will be selling $24B 3-yr Notes, results at 1:00 p.m. ET.
Tue, May 10 8:17 AM - MBS open near unchanged as Stock futures edge higher.



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