Ocwen’s road ahead: Well, can't get any worse

Ocwen’s road ahead: Well, can't get any worse

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Fannie 3.0s have held between 104-04 and 104-09 while 10yr yields--a bit choppier--have stayed between 1.89 and 1.916.  

The latter is a fairly critical inflection point at the moment as it marked a firm "floor" for yields coming into Friday morning, and offered another temporary bounce just before Friday's close.  

Now today, we've seen another good bounce, but this time with 1.916 as a ceiling rather than a floor.

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