MBS- FNMA 4.5 price: 100-05
10-yr Treasury Yield: 3.84%
More MBS deterioration. Slight improvement for bond yield.
MBS- FNMA 4.5 price: 100-15
10-yr Treasury Yield: 3.86%
A little better for MBS, but still deteriorated for the week.
MBS- FNMA 4.5 price: 100-29
10-yr Treasury Yield: 3.67%
MBS- FNMA 4.5 price: 101-01
10-yr Treasury Yield: 3.65%
Seeing some improvement in both today— may result in rate improvements mid-day.
MBS- FNMA 4.5 price: 100-27
10-yr Treasury Yield: 3.68%
Mixed, but improvement is with the Treasury yield.
From the SF Chronicle’s AP wire:
China retained its spot as the biggest foreign holder of U.S. Treasury debt in January although it trimmed its holdings for a third straight month. The string of declines are likely to underscore worries that the U.S. government could face much higher interest rates to finance soaring budget deficits.
The Treasury Department said Monday that China’s holdings dipped by $5.8 billion to $889 billion in January compared to December. Japan, the second largest foreign holder of U.S. government debt, also trimmed its holdings but by a much smaller $300 million to $765.4 billion.
Net foreign purchases of long-term securities, a category that includes both government and corporate debt, totaled $19.1 billion in January, as net purchases of private corporate bonds fell by $24.8 billion, the biggest drop on record. Link to article…