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Swan Dive in Stocks Helping Bonds Rally

This is a developing story by the look of it.  Since 11am ET, stocks have been in a swan dive.  Since 11:30am, the selling has been especially sharp.  Bonds are being pulled along for the ride.  10yr yields down 6bps already (1.51%).  UMBS 2.5s up a quarter of a point.  Lots of stock investors have been wondering when we'd have a big sell-off next.  Is today the warning shot?  Too soon to say, but it's fun for bonds at the moment.

20200220 update

MBS / Treasury Market Data

UMBS 5.5
98.72
+0.25
UMBS 6.0
100.39
+0.19
UMBS 6.5
101.81
+0.11
2 YR
4.7163
-0.0249
10 YR
4.3602
-0.0724
Pricing as of: 7/3 5:59PM EST
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