Posted To: MBS Commentary Eerily similar patterns forming in MBS this afternoon versus yesterday. The only major difference would be the direction of the rangebound narrowing that has occurred on both days. That left us with an “unresolved triangle” yesterday, and the same technical pattern is pretty much already a given at this point, because even if prices break one of the triangle lines, it would likely not be indicative of volume without noticeable impetus from a headline

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MBS AFTERNOON: Another Day, Another Range Trade

Posted To: MBS Commentary Just wanted to get you the basics, and let you know the first move for MBS has been to the upside, as tsy's have improved a little as well.

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MBS LUNCH: 7 Year Treasury Auction Results

Posted To: MBS Commentary Just wanted to get you the basics, and let you know the first move for MBS has been to the upside, as tsy's have improved a little as well. Stay tuned for any changes to that outlook however as post auction tends toward volatility 7-YEAR NOTES YIELDS High 3.078 pct Median 3.050 pct Low 2.900 pct PRICE/ACCEPTANCES Price 99.512216 Accepted at high 9.60 pct Bid-to-cover ratio 2.98 AMOUNTS TENDERED AND ACCEPTED (dollars) Total accepted 32,000,012,700 Total public bids tendered 95,420,168,700 Competitive bids accepted 31,964,824,000 Noncompetitive bids accepted 35,188,700 Fed add-ons 786,456,600 Primary Dealer Tendered 65,176,000,000 Primary Dealer Accepted 13,569,000,000 Primary Dealer Hit Rate 20.8% of what they bid on Primary Dealer Total Award 42.4% of total auction Direct Bidder Tendered…( read more ) Forward this article via email: ?? Send a copy of this story to someone you know that may want to read it.

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MBS LUNCH: 7 Year Treasury Auction Results

Posted To: MBS Commentary Ben Bernanke has ended his testimony before the the Senate Banking Committee.

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MBS MORNING: Rates Dealers Trying to Tell Us Something?