Thu, May 12 2016, 4:48 PM
Mortgage rates moved higher again today, rising to the highest levels since last Thursday. That fact is contrary to the most of the mortgage-rate-r...
Wed, May 11 2016, 8:35 AM
Corporate issuance expected to continue
Treasury Auction cycle in full swing with 10's today and 30's tomorrow
Overseas auctions add to global s...
Wed, May 11 2016, 5:36 PM
Quiet overnight session and AM hours
unfazed by sharp gains in oil prices
bonds rallied into the afternoon and especially after the auction
1...
Wed, May 11 2016, 5:07 PM
Mortgage rates were very slightly higher today. That's counterintuitive because bond markets were slightly stronger, and that almost always coincid...
Tue, May 10 2016, 9:51 AM
The past 2 sessions only look boring on the surface
Beneath the surface, bonds have been coping with a huge glut of corporate issuance
What does...
Tue, May 10 2016, 5:38 PM
Bonds weakened initially, but bounced back during European hours
Bonds also defied rising stock prices to hold their ground
Bonds also defied ...
Tue, May 10 2016, 3:53 PM
Mortgage rates didn't move any lower today, but they earned an important distinction nonetheless. As of today, you'd have to go back 3 full years t...
Mon, May 9 2016, 10:09 AM
Limited data and events this week to motivate strong momentum
broader trend looking like a consolidation pattern
first major break out of that p...
Mon, May 9 2016, 5:25 PM
Bigger picture consolidation continues but no bounce toward higher rates yet
Quiet overnight session; bonds rally steadily through domestic close
...
Mon, May 9 2016, 4:45 PM
Mortgage rates moved sideways today, taking them one step closer to officially claiming the title of "3 year lows." Tomorrow marks the three year a...
Fri, May 6 2016, 8:31 AM
NFP used to be one of the only games in town when it came to market movement
That's decreasingly true
Even though it can still definitely have a...
Fri, May 6 2016, 6:29 PM
Bonds had an OK day overall, but MBS stuck it to Treasuries
NFP 160k vs 202k forecast. Nothing interesting re: wages
Fannie 3.0s ended 1 tick...
Fri, May 6 2016, 5:09 PM
Mortgage rates moved lower today, following after the labor department reported lower-than-expected job creation in the month of April. Interesting...
Thu, May 5 2016, 9:07 AM
Bonds haven't been moving directionally in the big picture
Unless that direction is "sideways"
Let's take a step back and observe "the triangle...
Thu, May 5 2016, 4:58 PM
Heavy corporate bond issuance added pressure in AM
After that, no more sellers left in bond markets
10yr yields pulled a 6bp reversal to end 3.3...
Thu, May 5 2016, 4:24 PM
Mortgage rates held steady today, marking the 9th straight day without a move higher. 6 of those 9 days have seen mild to moderate improvements, ul...
Wed, May 4 2016, 9:56 AM
Bigger picture: bonds consolidating inside March/April range
Technicals all turning bullish, today is important confirmation
Data sensitivity is...
Wed, May 4 2016, 5:36 PM
Very little movement overnight across multiple asset classes
ADP helped bonds slightly out of the gate
Tradeflows and late-morning economic data...
Wed, May 4 2016, 5:03 PM
Mortgage rates moved lower for the 6th day in a row today, bringing them in line with the best levels in more than a month. It should be noted, h...
Tue, May 3 2016, 10:02 AM
Bond markets threatened to bounce weaker yesterday
concern was that new month tradeflows were just the start of more selling
hope was that it ...
Tue, May 3 2016, 5:01 PM
Mortgage rates moved lower again today as stock markets tumbled. The weakness in stocks was led by the European banking sector with several big n...
Tue, May 3 2016, 5:01 PM
Gains were intact from the overnight session
massive losses in European bank stocks set the tone
Yes, Australia cut rates, but it wasn't much of...
Mon, May 2 2016, 9:32 AM
Technicals were looking good late last week
But some risk that month-end trading was painting a rosy picture
we'll find out this week!
Las...
Mon, May 2 2016, 4:59 PM
Bonds had a chance to confirm the start of a new trend today
Instead, they stayed on last week's fence
Could be bad, could be nothing
ISM Pri...
Mon, May 2 2016, 4:26 PM
Mortgage rates moved just slightly lower today, despite the fact that bond markets were suggesting a move in the other direction. Mortgage rates ...
Fri, Apr 29 2016, 8:31 AM
Bonds right on the edge of confirming positive shift
We need to hold ground today in order to confirm
Even then, we have to wonder about the "mo...
Fri, Apr 29 2016, 4:41 PM
European traders were month-end sellers, pushing rates higher overnight
US bond markets battled back during the domestic session
Treasuries were...
Fri, Apr 29 2016, 4:16 PM
Mortgage rates moved just slightly lower in most cases, to end the week at the best levels since April 19th. Mor importantly, the past 3 days of ...
Thu, Apr 28 2016, 8:24 AM
Bond rally following yesterday's Fed brings trading levels right back to the top of the previous range
holding ground today with modest gains would...
Thu, Apr 28 2016, 5:17 PM
Bonds traded either side of unchanged early in the day
Little, if any response to GDP
Bigger move seen after the end of the auction cycle
Not...
Thu, Apr 28 2016, 4:50 PM
Mortgage rates continued lower for a second straight day, ultimately making it back to levels not seen since last Tuesday. Today's improvements are...
Wed, Apr 27 2016, 9:08 AM
Fed has history of using off-cycle meetings to set stage for policy action
OK, so it has only happened one--maybe two--times.
Is now one of thos...
Wed, Apr 27 2016, 5:18 PM
Very very simple day
markets were anxious that Fed might hint at June hike
Fed did NOT hint at June hike
Markets were happy
The end
...
Wed, Apr 27 2016, 4:48 PM
Mortgage rates caught a break today! After having moved sideways or higher for the past 7 days, and spending the last 3 at the highest levels in mor...
Wed, Apr 27 2016, 2:01 PM
(additions underlined, deletions struck-through)
For immediate release
Information received since the Federal Open Market Committee met in Janu...
Tue, Apr 26 2016, 8:31 AM
Durable Goods at 830am and Consumer Confidence are bigger ticket reports than yesterday's New Home Sales
The econ data won't have the final word on...
Tue, Apr 26 2016, 5:18 PM
Weaker Durable Goods and Consumer Confidence Didn't Help
Bonds continued slow, steady selling trend
10yr yields topped out at 1.94
Fannie 3.0...
Tue, Apr 26 2016, 4:32 PM
Mortgage rates remained in line with their highest levels in a month for the third straight day . The average lender is now quoting convention...
Mon, Apr 25 2016, 9:22 AM
Lots of economic data on tap including some big names
Treasury auction cycle (2, 5, 7yr)
FOMC Announcement Wednesday (Bank of Japan Thursday)
...
Mon, Apr 25 2016, 5:34 PM
Active corporate bond issuance puts pressure on Treasuries
MBS only lose 2 ticks
lower oil prices were no help
European bond markets still ha...
Mon, Apr 25 2016, 5:07 PM
Mortgage rates didn't move much , if at all, today. That's not exactly what we want to see right now considering they're as high as they've been sin...
Fri, Apr 22 2016, 9:46 AM
past few days = negative technical signals galore for bonds
3rd consecutive week of higher lows and higher highs for rates
momentum indicators s...
Fri, Apr 22 2016, 5:46 PM
Nothing notable happened today
Trading amounted to an inconsequential epilogue to an interesting story that ended yesterday
bonds were slightly ...
Fri, Apr 22 2016, 5:00 PM
Mortgage rates continued higher today, solidifying this week as the worst one in quite a while. Not since the first week i n November have rates ...
Thu, Apr 21 2016, 8:56 AM
ECB leaves all rates unchanged; Draghi press conference begins now
ECB typically saves the more meaningful communications for the press conferenc...
Thu, Apr 21 2016, 5:30 PM
Draghi repeats that ECB doesn't want to cut further or print more money
Bonds and stocks pouted about that
10yr yields stayed above important 1....
Thu, Apr 21 2016, 4:41 PM
Mortgage rates picked right up where they left off yesterday: pushing into the highest levels of the month. This week has seen the fastest rise in ...
Wed, Apr 20 2016, 9:36 AM
Supportive, sideways trend has been intact, but under constant attack
The negative trend of "higher lows" collides with the supportive trend today ...
Wed, Apr 20 2016, 7:05 PM
10yr yields finally broke 1.80% ceiling, and moved quickly to break 1.84% after that
Big gains in oil definitely played a part, but technicals an...
Wed, Apr 20 2016, 5:15 PM
Mortgage rates jumped significantly higher today, relative to the almost perfectly flat trend that's been intact for more than a week. We were alre...
