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Bonds Surge Back Into Positive Territory

Not long after NFP pushed domestic bond markets into weaker territory, European trading influences brought us back into the green.  From there, German Bunds and UK Gilts (their respective 10yr sovereign yields) continued falling, with Gilts hitting the lowest yields since October 26th.

US bond markets have followed relatively faithfully, with 10yr yields making down to 1.77 before bouncing (you guessed it, "with Europe") up to 1.783 presently.  Fannie 3.0s are experiencing a bit less volatility, up 4 ticks (.125) at 103-03.  

MBS / Treasury Market Data

UMBS 5.5
99.48
-0.17
UMBS 6.0
100.94
-0.08
2 YR
4.6221
+0.0541
10 YR
4.2008
+0.0128
Pricing as of: 3/28 2:15PM EST
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