Agency MBS Weekly: A sentiment shift and a deep dive into the many application indices

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Agency MBS Weekly: A sentiment shift and a deep dive into the many application indices

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Agency MBS Weekly

A sentiment shift and a deep dive into the

many application indices

Commentary: Peace talks promising, markets in favor 14 June 2026

With last Friday’s strong jobs number a seemingly distant memory, markets bull Securitized Products Strategy

flattened this week on expectations of a peace deal that would reopen the Strait of United States

Hormuz, cease hostilities and the US withdraw forces. Markets have warmly accepted Jeana Curro

the cues and rates rallied 1-7bps with the 10 year down 5bps WoW to 4.49% (just below MBS Strategist

the widely watched 4.5% threshold). The mortgage basis also narrowed 3bps WoW after BofAS+1 646 855 9135

a relatively rangebound few days. While peacetime developments are encouraging, we jeana.curro@bofa.com

stay basis neutral, mostly due to tight valuations. Next week is Warsh’s first FOMC Chris Flanagan

meeting as Chair and BofA econ largely expects him to lean hawkish, stressing patience. FI/MBS/CLOBofAS Strategist

+1 646 855 6119

Bloomberg Agency MBS & CRT Forum 2026 Recap christopher.flanagan@bofa.com

Conference season is finally coming to a close, but before it wraps, many mortgage GeMBSChu,StrategistCFA

market participants across buy and sell sides convened at Bloomberg this Wednesday for BofAS

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a robust discussion of key risks, opportunities and developments. Individual sessions ge.chu@bofa.com

featured the GSEs, strategists, modelers, portfolio managers and traders (among others). Ko-Hsiang Kao

Each shared perspectives on current market conditions, policy developments, and MBS Strategist

BofAS

structural shifts in the MBS ecosystem, with a particular focus on valuations, +1 646 855 9177