Tue, Mar 19 2013, 3:34 PM
Mortgage rates moved lower today at a less aggressive pace than yesterday. We noted some stratification between lenders which is relatively common...
Mon, Mar 18 2013, 12:38 PM
Bond markets rallied hard overnight on news that EU creditors seek to impose a levy on regular old private-sector bank deposits in Cyprus. 10's made ...
Mon, Mar 18 2013, 7:37 AM
In the week just passed, US bond markets spent almost all waking moments attempting to consolidate in a range that included the weakest levels in almo...
Mon, Mar 18 2013, 4:25 PM
Overnight news regarding a bailout plan for Cyprus dominated trading in Asian and European hours as markets took flight from riskier assets (and from ...
Mon, Mar 18 2013, 3:10 PM
Mortgage rates moved lower today at their fastest pace since February 25th's Italian election stalemate. Today's move is also bigger than the enti...
Fri, Mar 15 2013, 11:51 AM
Everything was pretty quiet this morning with volume and momentum not
really making much of an appearance until the 9:30am opening bell for
equiti...
Fri, Mar 15 2013, 6:37 AM
For third time in 4 days we've seen some compelling support come into
play in MBS and Treasuries. Not all of the support has come in at the
same ...
Fri, Mar 15 2013, 5:03 PM
MBS asked today's quadruple witching session: "et tu Friday?" but got the simple response: "nah, we're cool." So MBS just got up and walked away--hig...
Fri, Mar 15 2013, 1:38 PM
Mortgage
rates improved modestly , capping a week that's seen rates
either move sideways or slightly lower every day. Today's stability and
u...
Thu, Mar 14 2013, 11:44 AM
At first glance--and especially if we focus only on domestic
hours--today's trading session is looking a lot like yesterday's in that
we moved rat...
Thu, Mar 14 2013, 7:37 AM
As we said in yesterday's recap, Wednesday was "refreshingly
straightforward," with the overnight data suggesting logically stronger
opening level...
Thu, Mar 14 2013, 4:38 PM
Whereas yesterday's session was straightforward in both European and
domestic hours today's was a bit more enigmatic. Reason being: we had a
fair...
Thu, Mar 14 2013, 4:09 PM
Mortgage
rates were flat for the third day in a row , despite strong
economic data and a weak 30yr Treasury Auction (two things that normally
...
Wed, Mar 13 2013, 12:25 PM
The morning has been pretty straightforward
so far with a relatively positive overnight session getting a lift from
weaker European economic data...
Wed, Mar 13 2013, 7:37 AM
After two trading days that have been either devoid of market movers
or predominantly focused on overseas considerations, Wednesday offers a homeco...
Wed, Mar 13 2013, 4:54 PM
Today's session offered a refreshingly straightforward level of
connection between economic events and market movement. Even in the
overnight ses...
Wed, Mar 13 2013, 3:49 PM
Mortgage
rates were flat on average today, but continued to be
stratified depending on the lender. In other words, some rate sheets
were mod...
Tue, Mar 12 2013, 12:09 PM
Bond markets put in their best overnight gains in over a week this
morning and have managed to defend them into the domestic session.
German Bun...
Tue, Mar 12 2013, 6:37 AM
With no major domestic or overseas economic data on tap and no game-changing headlines expected ,
yesterday's excruciatingly slow session may well ...
Tue, Mar 12 2013, 4:35 PM
If you're a fan of high MBS prices and low rates, how depressing is it
to consider that today's rally was the best we've seen in over two
weeks, l...
Tue, Mar 12 2013, 3:25 PM
Mortgage
rates are mixed to lower today, but some lenders are still in
worse shape than yesterday afternoon's latest offerings. This
stratif...
Mon, Mar 11 2013, 12:09 PM
Not to be outdone by millions of Americans lamenting Daylight Savings Time, bond
markets haven't merely slept in an extra hour, but simply haven't s...
Mon, Mar 11 2013, 7:37 AM
After Friday's NFP-inspired sell-off, bond markets will be faced with the choice this week to continue to push the pace of the longer term trend high...
Mon, Mar 11 2013, 4:47 PM
There's no denying that it's a bit harder than average to get out of bed
on the Monday following "spring forward," but bond markets seem to have
a...
Mon, Mar 11 2013, 4:12 PM
Mortgage
rates are very slightly lower in many cases after surging on
Friday to the highest levels in nearly 10 months. That said, some
lend...
Fri, Mar 8 2013, 12:29 PM
The morning thus far has been a fairly straightforward sell-off in
response to much stronger-than-expected labor market data from this
morning's E...
Fri, Mar 8 2013, 7:14 AM
Bond markets traded poorly on Thursday, sliding back to their weakest
territory since before the Italian election. In the intervening time,
thing...
Fri, Mar 8 2013, 5:00 PM
Yesterday, we noted that Jobless Claims and
Mario Draghi's press conference delivered a one-two punch to the hopes
of sustaining recently improved...
Fri, Mar 8 2013, 2:59 PM
Mortgage
rates vaulted higher today at their fastest pace since late
January, after the Employment Situation showed an unexpectedly high
numb...
Thu, Mar 7 2013, 12:35 PM
The overnight price action wasn't particularly interesting and
certainly failed to adhere to any of the recent patterns of flatness in
Asian marke...
Thu, Mar 7 2013, 7:49 AM
Markets have quickly gotten back in position ahead of the ECB, ready to
"forget" about Italy (or "be reassured" about Italy,
perhaps)--essentially...
Thu, Mar 7 2013, 4:29 PM
It's happened before and it will happen again in all likelihood, it will
happen again. ECB meetings tend to fall on the first Thursday of the
mon...
Thu, Mar 7 2013, 3:22 PM
Mortgage
rates moved relentlessly higher for the fourth straight day
on Thursday, bringing them close to the seven month highs last seen in
m...
Wed, Mar 6 2013, 11:58 AM
Following last week's post-Italian election rally, which left MBS and Treasuries at the week's best levels by Friday afternoon,
this week has been a...
Wed, Mar 6 2013, 6:37 AM
With two trading days down so far this week, bond markets have shown
their cards, or at least that's what they want us to think. The "cards"
in q...
Wed, Mar 6 2013, 5:01 PM
In the title, the word "week" actually refers a whole week's worth of
trading sessions, and another day and a half on top of that. In other
words...
Wed, Mar 6 2013, 2:25 PM
Mortgage
rates continued higher for the third straight day on
Wednesday, bringing them back above levels last seen on Monday, February
25th. ...
Tue, Mar 5 2013, 11:39 AM
The overnight session was a fairly straightforward affair with
reasonable strong economic data in Europe, plus some marginally
reassuring Italian ...
Tue, Mar 5 2013, 6:37 AM
On most weeks, it would be fair to assume that whatever the overall pace
and importance of economic data might be, that it would begin building
ri...
Tue, Mar 5 2013, 4:15 PM
Even as stock markets made new highs (either 5yr+ in terms of the
S&P or "all-time" in terms of the Dow), bond markets held on to the
same old "Po...
Tue, Mar 5 2013, 3:39 PM
Mortgage
rates moved slightly higher again on Tuesday, continuing a
gentle drift higher from the lowest levels in several weeks on Friday.
W...
Mon, Mar 4 2013, 11:36 AM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Mon, Mar 4 2013, 7:51 AM
This week serves as something of a crossroads for bond markets
with respect to the longer term move higher in yields that began in the
summer of...
Mon, Mar 4 2013, 4:25 PM
The earlier recap referred to today as an 'extended weekend,' and that
continued to be unofficially the case for the rest of the session.
Dependi...
Mon, Mar 4 2013, 2:15 PM
Mortgage
rates moved slightly higher in most cases on Monday, though
some lenders were essentially unchanged from Friday's latest offerings.
...
Fri, Mar 1 2013, 12:03 PM
The tone was decidedly weaker earlier in the morning as equities markets
rose steadily from 9:40am. Treasuries began the day in significantly
stro...
Fri, Mar 1 2013, 7:37 AM
Thursday made it clear that bond markets don't want to be here any more this week, nor do MBS. The longer term view of markets paints a picture of ...
Fri, Mar 1 2013, 4:35 PM
Heading into today, we characterized the prevailing range this week as
compelling, and that it would need to be confronted with a serious
surprise...
Fri, Mar 1 2013, 2:48 PM
Mortgage
rates edged gently lower on Friday , bring to a close their
best week since mid-January. The catalyst for the relatively more
positi...
Thu, Feb 28 2013, 12:16 PM
MBS are currently showing their appreciation for Treasuries to hold the
line at yesterday afternoon's highs. In general, the faster the pace
and ...
