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Mortgage Backed Securities and Treasuries started out the day with some weakness in response to this morning's reports about corporate bond issuance. This weakness remained until about 10:00am this morning, until doestic bonds stabilized. Treasuries and MBS have been taking cues from various markers, one day it is the European markets, the next day it's the corporate bonds. to stock prices. The trouble that stocks have been running into today stems from corporate related selling, as Treasuries also had higher Bund prices and higher stock prices. German Bunbds have also been selling at an agressive rate, which in turn puts pressure on the US Bond Markets Tomorrow's reports are set to be the Mortgage Market Index (MMI) as well as the 10-year Treasury Note Auction. .
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