Uneventful Monday as Traders Keep Options Open Bonds traders are keeping options open, both literally and figuratively.  Open interest in Treasury options increased to start the new week, but that's neither a surprise, nor particularly relevant for our purposes.  We're more interested in the relatively flat performance to begin the new week.  Granted, bonds lost a bit of ground versus Friday's latest levels, but managed to retain most of the day's gains.  Today's trading was very flat after the initial pull-back, tacitly suggesting rates are open to suggestions from this week's data and events.  Market Movement Recap09:48 AM Bonds pushing back against overnight weakness at 8:20am CME open. Leveling off now with MBS down an eighth and 10yr up 2.4bps at 4.066. 01:33 PM perfectly flat all morning after initial rally.  MBS down 3 ticks (.09) and 10yr yields up 4.4bps at 4.086.
MND logo
August 7, 2023
Download our Mobile App:
Download from Google Play
Download from Apple App Store
View the QR Code
Download our Mobile App:
Download from Google Play
Download from Apple App Store
MBS Commentary
Uneventful Monday as Traders Keep Options Open Bonds traders are keeping options open, both literally and figuratively.  Open interest in Treasury options increased to start the new week, but that's neit... (read more)
Mortgage Rate Watch
Mortgage rates are starting out the new week at modestly higher levels compared to last Friday afternoon.  The average change is very small.  Many borrowers would see no difference in today's rate quotes.  A few lenders are marginally ... (read more)
Rob Chrisman
Jordan Peele met his famous comedy partner Keegan-Michael Key around 2002 at Second City in Chicago, and eventually performed this classic routine that every air traveler should see. This morning I head to Chicago, and from there to the MMLA event in... (read more)
Mortgage Rates
MBS / Treasuries