February 10th, 2015 2:50 PM by Dale DiGennaro
Today.....Mortgage Backed Securities (MBS) are down -3/32 (FNMA 30-yr 3.0 at 101.30), around 3/32 below morning levels, and near the low for the day. Strength in stocks hurt MBS today. The December JOLTS data showed that Job Openings rose to 5.03M, a little above the consensus of 4.98M, and the highest level since January 2001. The percentage of people quitting their jobs was unchanged at 1.9%. Demand was stronger than average for the 3-yr Treasury auction. The Dow is up 140 points. Tomorrow, no economic data will be released. The results from the 10-yr Treasury auction will come out around 1:00 et. A meeting between Greek and ECB officials might have an impact on US markets as well.