Wed, Mar 19 2014, 2:06 PM
Information received since the Federal Open Market Committee met in
January indicates that growth in economic activity slowed during the
winter mo...
Tue, Mar 18 2014, 12:14 PM
Overnight market movement was once again most visibly affected by headlines relating to the situation in Ukraine. This time around it was a speech ...
Tue, Mar 18 2014, 8:00 AM
Day 2 of post-referendum Ukraine may well look a lot like day one. What some feared would become an actual war, instead may simply fade from importan...
Tue, Mar 18 2014, 4:39 PM
Mortgage rates were effectively unchanged
today, putting an end to 2 days spent moving higher as the threat of
violence diminished in Ukraine. ...
Tue, Mar 18 2014, 4:05 PM
After weakness pervaded the past two sessions, bond markets have managed to find their footing before giving back any more of last Thursday's Ukraine-...
Mon, Mar 17 2014, 12:10 PM
Bond markets had moved into a defensive position on Friday in order to account for geopolitical fallout after Sunday's referendum in Crimea. After th...
Mon, Mar 17 2014, 8:00 AM
Last week's calendar of events were little match for the headlines coming out regarding the situation in Ukraine. Markets were in full " herd mode ,"...
Mon, Mar 17 2014, 4:30 PM
Mortgage rates moved moderately higher today,
erasing most of the improvement seen since Thursday afternoon. At that
time, global markets incl...
Mon, Mar 17 2014, 4:15 PM
Last week saw a reigniting of geopolitical risk on Thursday after headlines suggested the Crimean referendum as a potential powder keg over the week...
Fri, Mar 14 2014, 12:20 PM
The morning has seen rapid swings between highs and lows for stocks, bonds, MBS, and just about everything else. As expected, the logical impact fr...
Fri, Mar 14 2014, 8:00 AM
There's some inherent moral conflict in being a fan of lower mortgage rates. No sane person wishes for the sort of strife surrounding the Russia/Uk...
Fri, Mar 14 2014, 4:33 PM
Bond markets started the day in fairly decent shape, not much changed following yesterday's substantial Ukraine-inspired improvement. Domestic econom...
Fri, Mar 14 2014, 3:16 PM
Mortgage rates managed
to log another day of improvement today, this time more modest compared
to yesterday's big move. Rate sheets were best ...
Thu, Mar 13 2014, 12:29 PM
Until 11:11am, the day may well have been about the fairly tepid reaction to stronger economic data. Treasuries had traded a super narrow range overn...
Thu, Mar 13 2014, 8:00 AM
Bond markets had a great day on Wednesday and were able to rally both before and after the 10yr Note Auction. The question is: does this reveal som...
Thu, Mar 13 2014, 4:30 PM
Mortgage rates moved significantly lower today after Secretary of State Kerry warned of repercussions for events in Ukraine. Crimea is set to hold...
Thu, Mar 13 2014, 4:26 PM
Very little was happening before 11:11am today. Overnight markets were calm and sideways. Treasuries and MBS began the day in unchanged territory. ...
Wed, Mar 12 2014, 11:49 AM
The overnight session was moderately strong for Treasuries, helped along by slumping stocks in Asia and rallying bond markets in Europe. We have seen...
Wed, Mar 12 2014, 8:00 AM
Until something new and different happens today to inspire some volatility in bond markets, yesterday continues to be the most interesting event. The...
Wed, Mar 12 2014, 4:25 PM
Today was a good day for both MBS and Treasuries. Not only that, but it was good right from the start (courtesy of a positive overnight session) an...
Wed, Mar 12 2014, 3:36 PM
Mortgage rates moved lower at their best pace of the week today,
undoing the damage from last Friday's Employment Situation report, and
about a ...
Tue, Mar 11 2014, 12:07 PM
The day began with bond markets moving relentlessly sideways, and against the backdrop of Friday's post-NFP move, they still are. In other words, MBS...
Tue, Mar 11 2014, 8:00 AM
Considering the lack of actionable news and events during the first half of the week, bond market participants can either turn their attention to wha...
Tue, Mar 11 2014, 3:41 PM
Today is one of those days where Treasury movements definitely do not tell the story for MBS. Today's Senate headlines on the upcoming Fannie/Freddie...
Tue, Mar 11 2014, 3:05 PM
Mortgage rates continued holding mostly sideways today ,
though there were enough lenders in slightly better shape to make for a
small improvem...
Mon, Mar 10 2014, 11:55 AM
Domestic market movers have been in limited supply so far today. Bond markets have paid some attention to tradeflows surrounding big corporate deals...
Mon, Mar 10 2014, 8:00 AM
After moving through the worst week of losses since mid-August, bond markets are left to consider whether it's time fully abandon February's weather...
Mon, Mar 10 2014, 4:45 PM
As far as Mondays after NFP Fridays go, today could have been worse. On occasion, these Mondays can serve to perpetuate a new trend set in motion aft...
Mon, Mar 10 2014, 3:35 PM
Mortgage rates leveled-off today ,
after rising to 2-month highs after last Friday's Employment Situation
('Jobs Report'). Today's rates were ju...
Fri, Mar 7 2014, 12:49 PM
Not only was this morning's employment data stronger than expected, but it would probably have been even stronger if not for the weather effect. As ...
Fri, Mar 7 2014, 7:45 AM
The boring scenario for today would be for the all-important Employment Situation Report to show payroll creation lagging recent averages, coming in a...
Fri, Mar 7 2014, 4:41 PM
Mortgage rates rose sharply for
the third time this week, bringing them to levels not seen since
January 15th. Today's move followed a stronger...
Fri, Mar 7 2014, 4:26 PM
8:30-8:32... These were the only two minutes of the day where anything interesting was happening for bond markets. It wasn't the good kind of 'int...
Thu, Mar 6 2014, 11:57 AM
MBS are now at the best levels since before this morning's economic data. Before that, Treasuries were slightly weaker overnight, resulting in open...
Thu, Mar 6 2014, 8:00 AM
A quick recap of the year so far...
January kicked off with bond markets holding their ground at the weakest levels in more than two years.
...
Thu, Mar 6 2014, 4:39 PM
Mortgage rates moved quickly higher today ,
in the context of their recent range. That is to say, today's "sharp"
movement is nothing compared t...
Thu, Mar 6 2014, 4:32 PM
Bond markets were slightly weaker overnight as Geopolitical risk surround Ukraine continued to unwind. There wasn't much by way of new developments...
Wed, Mar 5 2014, 11:48 AM
MBS and Treasuries are both in slightly positive territory, and that's saying something considering the apparent challenge involved in getting here. ...
Wed, Mar 5 2014, 7:45 AM
"As with any geopolitical situation affecting markets, we'll only know the corner has been turned in hindsight. Until then, it's a wild card that's ...
Wed, Mar 5 2014, 4:07 PM
Mortgage rates held steady today,
on average, though some lenders are still in slightly worse shape.
Weakness in the markets that affect mortga...
Wed, Mar 5 2014, 3:55 PM
The overnight session ushered trading levels into just slightly weaker territory in the first part of the domestic session. In other words, this morn...
Tue, Mar 4 2014, 12:41 PM
Ukraine-related headlines sent moderate shockwaves through markets overnight, pushing Treasury yields higher by the open. Since then, the negative mo...
Tue, Mar 4 2014, 8:00 AM
While geopolitical tensions in Ukraine are certainly affecting markets, they're not affecting all markets equally. Core European debt has consistentl...
Tue, Mar 4 2014, 4:49 PM
Mortgage rates were sharply higher today,
as concern over geopolitical tension in Ukraine turned a corner. After
a surprisingly strong end to F...
Tue, Mar 4 2014, 4:40 PM
Nothing new happened all day long. Unfortunately, the order of the day was a steady selling spree in MBS and Treasuries--easily the worst we've seen ...
Mon, Mar 3 2014, 11:58 AM
There's always a risk of crediting uncommon news headlines with too much market movement . That's certainly happening with Ukraine to some extent at...
Mon, Mar 3 2014, 8:00 AM
This week's calendar of economic data has a roughly average number of reports, but several of them are potent market movers. Friday's jobs report , ...
Mon, Mar 3 2014, 4:09 PM
Mortgage rates moved noticeably lower today,
as investors sought the relative safety of bond markets in response to
geopolitical tensions in Ukr...
Mon, Mar 3 2014, 4:07 PM
As fun as it is to be cynical about the market movers getting the most attention, today's strength in bond markets really was mostly about Ukraine. ...
Fri, Feb 28 2014, 12:41 PM
Bond markets went into the locker room after this morning's econ data fairly discouraged, but not enough to give up. That was less obviously the cas...
