Posted by: cfigueira | July 13, 2010

Mortgage bond prices

Mortgage bond prices remain near unchanged to slighly weaker since pricing yesterday.

The trade deficit came in at $42.27b. Analysts were expected a $39b deficit.

Stocks remain positive with the DOW up over 120 points.

We have a 10 year auction this afternoon. Yesterday’s 3-year auction had a 3.20 bid to cover and an indirect bid of 40.6%. The previous auction had a 3.23 bid and 48.6% indirect bid. The results didn’t move the market much.

We have a 30-year Treasury auction on Wednesday. Retail sales, production and inflation numbers will also be released during the week. With the additional supply of debt and inflation figures on deck, trade will most likely remain volatile.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: