Wed, May 29 2013, 6:33 PM
There's not much to discuss this afternoon as far as organic market
motivations are concerned. That's a funny way of saying that the
"stuff" that...
Wed, May 29 2013, 4:01 PM
Mortgage rates recovered somewhat today , after experiencing their worst day in exactly 4 years yesterday (get caught up HERE ).
Rather than tri...
Tue, May 28 2013, 12:09 PM
In this morning's " week ahead " post, we highlighted the previous support seen around 2.04-2.07 percent in 10yr yields and that longer-run economic f...
Tue, May 28 2013, 8:54 PM
An adapted excerpt from tonight's ratewatch post :
If we had been fighting a battle for low rates, morale was high heading into the end of April...
Tue, May 28 2013, 7:29 AM
The past 4 weeks of selling brings MBS and Treasuries back to the scene of old battlegrounds from sell-offs past. With a moderate week of economic da...
Tue, May 28 2013, 6:16 PM
There is no adequately descriptive language for movement in Mortgage rates today. "Vaulting catastrophically higher" only begins to capture the b...
Tue, May 28 2013, 3:26 PM
Although we don't typically publish "alerts" to the MBS Commentary channel (because of MBS Live ), today feels like a good day to break those rules c...
Fri, May 24 2013, 7:37 AM
Welcome to a crazy day for markets, maybe. It's a quadruple witching session, meaning that futures and options for single stocks and stock indices ...
Fri, May 24 2013, 4:31 PM
After a morning fraught with volatility, MBS finally bounced just after the noon hour. Even then, such a bounce wasn't really indicative of much more...
Fri, May 24 2013, 2:47 PM
Mortgage rates finally paused their relentless push higher today, holding at unchanged levels compared to yesterday's latest rate sheets on average...
Fri, May 24 2013, 1:07 PM
Please not the timestamp on the price table below as Fannie 3.0s are currently down 3 ticks at 101-19, but had been as low as 101-13 earlier this morn...
Thu, May 23 2013, 12:47 PM
Mortgage markets are less than thrilled with the broader move into higher rates that was effectively confirmed yesterday, and we have 2 negative repri...
Thu, May 23 2013, 6:58 AM
The idea of "tapering" the Fed's long term asset purchases isn't as new as the past two weeks might make it seem. It was most visibly introduced in...
Thu, May 23 2013, 5:03 PM
Treasuries had a bit of an easier time today than MBS, the latter feeling the effects of a shift in duration preference that has been historically unk...
Thu, May 23 2013, 4:19 PM
Mortgage rates weren't quite finished with what they began on Wednesday, which was the worst we've seen in a long time . Despite bond markets man...
Wed, May 22 2013, 12:41 PM
If you read this commentary with any sort of frequency, you may have noticed a trend of late, where the mid-day recap has been coming out later than n...
Wed, May 22 2013, 8:11 PM
Today was among the worst on record for MBS since the carnage that was late 2010. We still have yet to see anything rival Black Wednesday's, but almo...
Wed, May 22 2013, 7:23 AM
Wednesday May 21st, and we finally get to see what all the fuss is supposedly about . The "fuss" or hype, if you prefer, was theoretically kicked in...
Wed, May 22 2013, 6:10 PM
Mortgage rates were utterly destroyed today. Not only did the average rate move above the highest seen in 2013, but rates haven't been this high s...
Tue, May 21 2013, 12:10 PM
Like a jilted lover learning how to trust again, MBS were tentative at first, and Treasuries hesitated at 1.97 as they descended from morning weakness...
Tue, May 21 2013, 6:12 AM
There continues to be little to do or say about the first two days of the week. For the most part, they merely serve as a sort of cruel waiting game ...
Tue, May 21 2013, 4:28 PM
In sort of an inverted reading of the recent script, bond markets weakened right out of the gate and began improving at 10am (several notable occasion...
Tue, May 21 2013, 3:32 PM
Mortgage rates finally caught a break, moving just slightly lower for only the second time this month. For some, the drop in rates may be too litt...
Mon, May 20 2013, 12:36 PM
Please note the timestamp on the pricing snapshot below, and that it's about an hour and 15 minutes old. The snapshot will continue to be generated b...
Mon, May 20 2013, 7:53 AM
Whether or not it turns out to be justified, hype and anticipation have been building over this week's FOMC Minutes for over a week now. The hy...
Mon, May 20 2013, 4:44 PM
Bond markets got in this morning and quickly began undoing some of the damage done by the overnight trading session. Treasuries and MBS both opened f...
Mon, May 20 2013, 3:56 PM
Mortgage rates continued May's nearly constant trend higher to begin the week, though the pace of increases is slower compared to that seen on F...
Fri, May 17 2013, 12:51 PM
Here we are again... All but a few days this week have seen morning sell-offs that have required negative reprice alerts for MBS Live subscribers . ...
Fri, May 17 2013, 7:53 AM
The bulk of the week's activity has passed, from a calendar standpoint, and this morning's Consumer Sentiment data is all that's left on the domestic ...
Fri, May 17 2013, 4:46 PM
MBS took a running start downhill this morning before reaching the edge of the cliff marked by yesterday morning's "ledge" of prices. This was the 10...
Fri, May 17 2013, 3:51 PM
Mortgage rates moved higher at their fastest pace in two weeks , after having their best day in more than 6 weeks just yesterday. The net effe...
Thu, May 16 2013, 11:50 AM
Hopefully, in talking about the half point rally in MBS we're not unintentionally "jinxing" it, but yeah--there's a half point rally underway in MBS. ...
Thu, May 16 2013, 8:01 AM
If the presence of greater amounts of economic data was a benefit for bond markets on Wednesday (and we're not sure that it was), then Thursday has ev...
Thu, May 16 2013, 4:47 PM
Yesterday and again early this morning (before the data), we discussed the potential significance of yesterday's prices failing to make a new low for ...
Thu, May 16 2013, 4:15 PM
Mortgage rates moved lower at their fastest pace in 6 weeks today, erasing most of the losses seen so far this week. Not all lenders have adju...
Wed, May 15 2013, 12:46 PM
Once again, please note the timestamp in the pricing snapshot below, as it is about an hour and a half old now. This time gap will continue to be the...
Wed, May 15 2013, 7:09 AM
Wednesday brings enough data in the morning hours that it could help shape the trading day for bond markets. This wasn't the case on Tuesday where an...
Wed, May 15 2013, 4:51 PM
Mortgage rates had a good day, despite the fact that the day-over-day change from yesterday is flat to slightly higher. Part of the reason for ...
Wed, May 15 2013, 4:36 PM
It's about 24 hours too soon to start getting excited, but for the very first time in May, MBS did NOT make new lows today! That's not for lack of tr...
Tue, May 14 2013, 12:18 PM
Please note the timestamp in the pricing snapshot below (11:09am EST). The mid-day post will always pull a snapshot of current prices between 11:00 a...
Tue, May 14 2013, 8:32 PM
On May 3rd, after NFP, we said: "historically, a move like today's that runs counter to more than a month of trending, has been more likely to mark th...
Tue, May 14 2013, 6:45 AM
Tuesday is the lightest day of the week in terms of scheduled data without only Import/Export prices in the 8:30am time slot. This report tends to no...
Tue, May 14 2013, 4:20 PM
Mortgage rates began the day in promising shape, but lost their composure early and often. Despite several lenders releasing their initial rate sh...
Mon, May 13 2013, 12:15 PM
Bond markets are again in short term consolidation mode (where the trading range of prices and yields grows increasingly narrow, forming what some ref...
Mon, May 13 2013, 7:45 AM
The week begins with the Retail Sales report, an uncommonly relevant piece of data to be in the 8:30am time-slot first thing Monday morning. It's m...
Mon, May 13 2013, 4:49 PM
This morning's Retail Sales report was only a small contributor to a sell-off that took it's more meaningful cues both from overnight trading as well ...
Mon, May 13 2013, 4:01 PM
Mortgage rates continued higher to begin the week, carrying some momentum from Friday's rapid move higher and taking new cues from a stronger-than-...
Fri, May 10 2013, 7:41 AM
At the risk of disappointing some the audience, let's skip the Top Gun shtick and focus on the danger zone that bond markets have been approaching thi...
Fri, May 10 2013, 7:00 PM
Mortgage rates rocketed higher precipitously today, taking them to their highest levels since April 2nd. The move was all the more confounding as ...
Fri, May 10 2013, 6:16 PM
Today was a fairly jarring and brutal ride for bond markets--a true example of the sort of volatility that we often consider, but seldom see on data-f...
