Daily Market Updates: Bonds and MBS start slightly weaker ahead of a 3-day weekend

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Bonds and MBS start slightly weaker ahead of a 3-day weekend

Mortgage-backed securities are trading roughly in line with Wednesday's close, while Treasuries are slightly stronger, according to Mortgage News Daily.

Reported · Written up by our desk · Government Bonds

Mortgage News Daily said bonds are opening slightly weaker on Friday, a setup the outlet ties to typical “sidelines” behavior from some investors before a 3-day weekend.

The outlet noted that MBS are roughly in line with Wednesday’s close, while Treasuries are performing better than their Wednesday levels.

Mortgage News Daily added that it would be a “victory” to end the day around current levels, and that any deterioration could be tolerated if it does not worsen materially.

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Sources

Mortgage News DailySlightly Weaker Start. Keep 3-Day Weekend in Mind

Bonds & Rates

Bonds and MBS start slightly weaker ahead of a 3-day weekend

More like this

Sources

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