Fri, Feb 28 2014, 8:00 AM
With the past five sessions having been green for MBS, today affords them the opportunity to do something they haven't done since the end of March 201...
Fri, Feb 28 2014, 3:57 PM
Month-end to the rescue! We've been talking about it all week and now the phenomenon (month-end buying) is a major contributor in bond markets' abili...
Fri, Feb 28 2014, 2:48 PM
Mortgage rates rose slightly today
ending a strong 3-day move lower. The weakness followed this morning's
economic data, but the bond markets th...
Thu, Feb 27 2014, 12:24 PM
MBS began the session in slightly stronger territory and soon gave up those gains after stronger-than-expected Durable Goods data. Despite the pull-b...
Thu, Feb 27 2014, 8:00 AM
In two short days, bond markets have gone from being closer to 1-month highs to the best levels in more than two weeks. Such things only become pos...
Thu, Feb 27 2014, 5:26 PM
Mortgage rates gained even more ground today, and are now getting close to early February's levels, which were the lowest since November.
Much of...
Thu, Feb 27 2014, 4:52 PM
Fannie 4.0s are up 5 ticks at 104-28. That's 9 ticks lower than the early February highs, but keep in mind those highs came just before the roll, whi...
Wed, Feb 26 2014, 12:38 PM
The day began with MBS and Treasuries in weaker territory after an uneventful overnight session. There wasn't much to the weakness and it only made f...
Wed, Feb 26 2014, 8:00 AM
Today's calendar is less busy overall, compared to Tuesday, but offers a good mix of data and events . The only significant economic report of the d...
Wed, Feb 26 2014, 4:37 PM
Mortgage rates built on yesterday's strength
and continued lower today. After lenders released rate sheet
improvements in the afternoon, the av...
Wed, Feb 26 2014, 4:33 PM
If trading days were sporting events, today would be a great game. There were several score changes, but the home team came out strong after half-tim...
Tue, Feb 25 2014, 12:19 PM
Bond markets are seeing their best day of gains since last Tuesday with 10yr yields down from 2.75 to just over 2.70. Fannie 4.0 MBS are up 10 ticks....
Tue, Feb 25 2014, 8:00 AM
As far as economic reports go, Consumer Confidence (often lumped together psychologically with "Consumer Sentiment") occupies that well-populated "2...
Tue, Feb 25 2014, 4:28 PM
Mortgage rates fell noticeably
today, after being pushed up against the highest levels in nearly a
month yesterday. In that sense, the positivi...
Tue, Feb 25 2014, 4:18 PM
Today ended up being one of the the calmest in recent memory in terms of price volatility in MBS. From 9:30am on, the biggest gap between the day's...
Mon, Feb 24 2014, 12:18 PM
Although Treasury yields have been moving in the same direction as stock prices, the magnitude is completely different. Whereas the S&P is up an impr...
Mon, Feb 24 2014, 8:00 AM
Frustration and confusion are ongoing themes for bond markets at the moment. The most visible antagonist in that regard is the "weather effect," wher...
Mon, Feb 24 2014, 4:53 PM
Mortgage rates moved sideways
today, reflecting the ongoing indecision in the bond markets that
underlie day-to-day rate movements. The mortgag...
Mon, Feb 24 2014, 4:26 PM
Bond markets overall have seen a fair share of ups and downs today, albeit in a narrow range. But where Treasuries took 2 steps back, MBS usually onl...
Fri, Feb 21 2014, 12:13 PM
Bond markets opened and spent the first hour of the day in weaker territory, but began to recover even before the Existing Home Sales data. That rec...
Fri, Feb 21 2014, 7:45 AM
It continues to be a frustrating time for bond markets--prevented, as they are from rallying very much on strong data, but with few other reasons to s...
Fri, Feb 21 2014, 4:22 PM
Bond markets were weaker in the morning hours today as corporate rate-lock selling and other tradeflow considerations left sellers in control head...
Fri, Feb 21 2014, 2:20 PM
Mortgage rates moved slightly higher
today despite improvements in underlying markets into the afternoon.
Bond markets including MBS (the 'mort...
Thu, Feb 20 2014, 12:13 PM
While yields still aren't back to last week's highs, they've taken a few more steps in that direction. Today's damage was mostly done after the Phil...
Thu, Feb 20 2014, 7:45 AM
Bond markets weakened yesterday, with most of the losses following the FOMC Minutes, though troubles mounted in mid-morning hours. That said, trading...
Thu, Feb 20 2014, 4:27 PM
Despite a solid day of volume and fairly noticeable mid-day bout of weakness, not much truly "happened" for bond markets today. There was plenty of r...
Thu, Feb 20 2014, 2:47 PM
Mortgage rates continued higher
today after it became clear that markets were discounting weak economic
data due to weather. In that sense, mor...
Wed, Feb 19 2014, 12:19 PM
Treasuries and MBS are both near their weakest levels of the day, but remain in slightly better shape than yesterday's latest levels. The strongest...
Wed, Feb 19 2014, 7:00 AM
Whither MBS go increasingly depends on whether data withers from winter weather. I'm so sorry about that sentence. In more modern words, the more th...
Wed, Feb 19 2014, 5:22 PM
Mortgage rates began the day moderately lower compared to yesterday's latest levels, but the improvements didn't last .
Bond markets including M...
Wed, Feb 19 2014, 5:08 PM
The insidious thing about today's market movement--at least from the standpoint of MBS devotees--is that we began in moderately stronger territory and...
Tue, Feb 18 2014, 12:01 PM
Treasuries were slightly stronger in the overnight session with 10yr yields falling just over a bp. They've moved another 2-3bps lower as the morning...
Tue, Feb 18 2014, 7:00 AM
Bond markets begin the holiday-shortened still waiting for a reason to do anything but merely continue in the same mildly negative trend. Said tren...
Tue, Feb 18 2014, 4:30 PM
MBS weren't quite able to keep up with the Snowball rally in Treasuries today, but the gap lessened into the afternoon. Chalk this up to an abundance...
Tue, Feb 18 2014, 3:49 PM
Mortgage rates were lower in some cases today,
though some lenders merely held steady compared to Friday's latest
levels. Mortgage-Backed-Sec...
Fri, Feb 14 2014, 12:13 PM
With and without this morning's economic data, bond markets have erred on the side of weakness so far today. The only report significantly out of lin...
Fri, Feb 14 2014, 7:00 AM
After today's heavy snowfall in New York turned to rain this afternoon, it's now turning back into snow in the wee hours, scheduled to deposit another...
Fri, Feb 14 2014, 6:46 PM
Bond markets limped across the finish line near the lowest levels of the week. As expected, there was no major drama and the only real unpleasantne...
Fri, Feb 14 2014, 4:09 PM
Mortgage rates moved higher today,
erasing yesterday's improvements and carrying them to their highest
levels since late January on average. Fo...
Thu, Feb 13 2014, 11:56 AM
Bond markets were reasonably stronger overnight, mostly by way of consolidating the past three days of weakness. Weaker economic data (Retail Sales a...
Thu, Feb 13 2014, 7:00 AM
Today's combination of events is seen from time to time on the Thursday of slower weeks. One component is the first major appearance of economic data...
Thu, Feb 13 2014, 4:20 PM
On a scale of 1-10, with 10 being the best case scenario for bond markets, today was 6 . It probably stood very little chance to be much more than a...
Thu, Feb 13 2014, 3:37 PM
Mortgage rates fell moderately following
this morning's weaker-than-expected report on Retail Sales. There were
several other considerations th...
Wed, Feb 12 2014, 12:21 PM
This morning's first update on MBS Live noted that despite overnight press crediting China for prompting bond market weakness, it was in fact European...
Wed, Feb 12 2014, 7:00 AM
Wednesday could be somewhat interesting for bond markets. At the moment, we'll have to focus exclusively on Treasuries as MBS rolled last night, th...
Wed, Feb 12 2014, 4:23 PM
Today's calendar of economic events was empty . There wasn't even much by way of potential market movers to evaluate. Instead, bond markets were le...
Wed, Feb 12 2014, 3:35 PM
Mortgage rates moved higher at
their fastest pace in more than a month today, confirming yesterday's
shift in momentum. While this isn't an out...
Tue, Feb 11 2014, 12:21 PM
If there was any doubt as to the market-moving potential of today's Congressional testimony from Janet Yellen, it was quickly cleared up this morning....
Tue, Feb 11 2014, 7:00 AM
Bond markets are on the verge of disavowing their allegiance to higher prices and lower yields that has, thus far, characterized most of the new year....
Tue, Feb 11 2014, 4:59 PM
Mortgage rates were higher today following
new Fed Chair Yellen's first scheduled testimony before the House
Financial Services Committee. Most...
