MBS MARKET COMMENTARY

MCT’s Director of Analytics, Bill Berliner, writes a weekly summary of movements in the secondary market. The analysis includes an in-depth view of treasury yields, mortgage backed securities, note rates and more.

View the MBS Market Profile Descriptions and Definitions for a detailed explanation of the weekly report then join our newsletter to receive the MBS weekly market commentary in your inbox every Monday.

MBS Weekly Market Commentary Week Ending 3/15/19

Treasuries closed the week with a small rally that left the 10-year yield below 2.60% for the first time since early January. The yield curve flattened modestly, with the 2-10 year spread about 1.5 basis points tighter at +15 while the 2-5 year spread also flattened (inverted) by another basis point to -4.3 bps.

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MBS Weekly Market Commentary Week Ending 3/8/19

Treasury yields dropped on the week, reflecting signs of economic weakness on the horizon and a weak February employment report. View MBS Weekly Market Profile Report *The MBS Weekly Market Profile Report corresponds to the commentary below.* Treasury yields dropped...

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MBS Weekly Market Commentary Week Ending 10/26/18

Treasury rallied again last week, pushing the yield on the 10-year note to 3.076% on Friday, its lowest level since October 2nd. The rally was spurred by another bout of volatility in the equity markets, as well as nervousness caused by a rash of mailbombs sent to U.S. political figures. The rally in intermediate and long-term Treasuries served to flatten most of the yield curve; the 2-10 spread contracted by about 2 basis points to +27, although the 10-30 spread widened by 5 basis points to +23.5.

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MCT Market Commentary | 9/21/2018

September 21, 2018 Stocks are hovering near all time highs in the AM as investors patiently await the rebalancing of major sectors.  The Global Industry Classification Standard will shuffle some internet and media stocks into a new distinction called “communication...

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