Market Update 3/8/2016
MBS are up +9/32 (FNMA 30-yr 3.0 at 102.07), around 8/32 higher than yesterday at this time.
After posting losses over the past week, the trend for MBS turned this morning. One factor behind the rally this morning was weaker than expected export data in China, raising concerns about the pace of global economic growth. The Dow is down 100 points. No U.S. economic data will be released today. The results from the 3-yr Treasury auction will come out around 1:00 et.