Mortgage Rates Worsen... things to come?
After several sideways sessions of slow trading, the bond market has released stored energy. Unfortunately it wasn't released in an originator friendly direction.
The 3.625% coupon bearing 10 year TSY note is -0-21 at 98-26 yielding 3.77%. The 10 yr swap spread is negative.
The FN 4.0 is -0-12 at 97-20 yielding 4.231% and the FN 4.5 is -0-08 at 100-24 yielding 4.417%. The secondary market current coupon is 4.391%. The CC yield is 62.5 basis points over the 10 yr TSY note yield and 69.3bps over the 10 yr swap.
Comment |
0 Trackbacks
