Wed, Jan 23 2013, 4:42 PM
Today saw the passage of the House bill to extend the Debt Ceiling deadline, which moves on to a Senate that's already indicated they'll send it to th...
Wed, Jan 23 2013, 4:00 PM
Mortgage rates were more unified in their improvements today after beginning the week rather equivocally on Tuesday. Most lenders offered improved...
Tue, Jan 22 2013, 12:02 PM
MBS began the day in weaker territory, though still in line with the lows from the narrow end of Friday's range. Treasuries chopped around in a reaso...
Tue, Jan 22 2013, 7:40 AM
With around one month left before hitting the debt ceiling, markets were geared up for a sideways grind, dominated by political uncertainty. Much lik...
Tue, Jan 22 2013, 4:28 PM
German economic sentiment data came in at the highest levels since May 2010... The House may pass legislation to extend the debt ceiling deadline unt...
Tue, Jan 22 2013, 3:22 PM
Mortgage rates were mixed, leaning toward slightly improved to begin the holiday-shortened week. Several lenders' rate sheets were slightly worse ...
Mon, Jan 21 2013, 3:30 PM
So is the free refi boom over? Not quite, but we're getting close. Below I explain, first by defining "free refi," then by offering some rate market c...
Fri, Jan 18 2013, 11:55 AM
After moving to disconcertingly weak levels in the Asian session, bond markets rallied back during European hours, ultimately coming in the door sligh...
Fri, Jan 18 2013, 7:10 AM
Every so often we're reminded that financial markets are staffed by real people, and depending on how it turns out, Friday could be one of those days....
Fri, Jan 18 2013, 4:45 PM
Today served the purpose we were hoping to see it serve. Volume fell, prices rose, and we were left with the sense that Thursday was in fact the last...
Fri, Jan 18 2013, 3:07 PM
Mortgage rates were completely unchanged on Friday standing in stark contrast to Thursday's sharp move higher. While there were several lenders wh...
Thu, Jan 17 2013, 12:09 PM
While bond markets haven't fallen back to this morning's lows, neither MBS or Treasuries have been able to make it back across technical resistance le...
Thu, Jan 17 2013, 7:40 AM
Markets have been surprisingly well behaved since opening the year with an ugly little sell-off. Treasuries have been following stocks through earnin...
Thu, Jan 17 2013, 4:59 PM
After Japan's Economy Minister said the Yen had room to move up to 100.0 before becoming problematic, overnight markets started moving higher in rate....
Thu, Jan 17 2013, 4:00 PM
Mortgage rates shot higher on Thursday matching the quickest pace of the past several months seen at the beginning of January. Although rates didn...
Wed, Jan 16 2013, 11:33 AM
In a completely unsurprising turn of events, bond markets continue to follow stock markets, albeit on a smaller scale. Still, the stock lever has had...
Wed, Jan 16 2013, 7:16 AM
It's earnings season again and while bond markets are certainly taking short term cues from equities, Treasuries and MBS have willfully chosen to cont...
Wed, Jan 16 2013, 4:33 PM
MBS Live : MBS Afternoon Market Summary
In several ways Wednesday's session was quite similar to Tuesday's. European and Asian markets coa...
Wed, Jan 16 2013, 2:14 PM
Mortgage rates were higher on average on Wednesday, though some lenders didn't move with the rest of the pack. On one end of the spectrum, a few l...
Tue, Jan 15 2013, 11:37 AM
With the exception of last Thursday (ECB day), rates markets have been painstakingly descending the proverbial staircase following the elevator ride h...
Tue, Jan 15 2013, 7:29 AM
Rosengren's 8:00am speech may help set the tone early in the session, but three pieces of economic data hit at 8:30am , one of them being the importa...
Tue, Jan 15 2013, 4:15 PM
MBS and broader bond markets began the session in stronger territory after a reasonably supportive night in Asia and Europe. There were no major marke...
Tue, Jan 15 2013, 3:27 PM
Mortgage rates improved slightly on Tuesday, extending their recent streak of improvements to 7 days. Last Thursday was the only one in that serie...
Mon, Jan 14 2013, 11:18 AM
While MBS prices were slightly higher in the middle of last week and on the first few days of the year, until Friday's roll, the price referred to Jan...
Mon, Jan 14 2013, 7:21 AM
With backs against the wall on Friday, and very much at risk of triggering a negative technical signal, bond markets battled back for their 2nd best c...
Mon, Jan 14 2013, 4:09 PM
Bond markets coasted into their best levels since the first trading day of the year and spent the rest of the day holding a tight range around those l...
Mon, Jan 14 2013, 2:56 PM
Mortgage rates improved moderately to begin the week, bringing most lenders back to levels not seen since January 2nd or before. Following the Fis...
Fri, Jan 11 2013, 12:24 PM
Bond markets got off to a rocky start in the overnight session following the announcement of new QE in Japan. US Treasuries then glued themselves fir...
Fri, Jan 11 2013, 7:45 AM
Thursday could have been a better day for bond markets... It could have marked bounce back below important technical levels in 10yr yields (lots of...
Fri, Jan 11 2013, 4:44 PM
Today's analysis on MBS Live was fraught with references to a metaphorical swimming pool on a cruise ship. The ship represents the longer term, bigge...
Fri, Jan 11 2013, 3:25 PM
Mortgage rates were essentially unchanged Today. On average, rates were slightly higher to begin the day, but an afternoon reversal in bond marke...
Thu, Jan 10 2013, 12:35 PM
The story so far this morning is as simple as the headline, with the slight addendum being that Chinese economic data actually began the push toward h...
Thu, Jan 10 2013, 7:42 AM
Bond markets continued to struggle with a decisive break below important technical levels in Treasuries. Despite holding on to gains in the morning...
Thu, Jan 10 2013, 4:58 PM
The day began with bond markets already on the back foot after stronger Chinese exports, a stronger Spanish debt auction, and an unchanged ECB policy ...
Thu, Jan 10 2013, 4:36 PM
Mortgage rates leveled off on Thursday, after moving gently lower on the first three days of the week. Bond markets such as US Treasuries began the d...
Wed, Jan 9 2013, 11:57 AM
After improving slightly during yesterday's first few trading hours, bond markets have been in the same aggressively sideways trend for over 24 hour...
Wed, Jan 9 2013, 6:26 AM
In an overdramatized sort of way, Wednesday will be " do or die " time for bond markets in that 10yr yields must either finally break back below the i...
Wed, Jan 9 2013, 4:46 PM
We started the week with a closer look at "tradeflows, " suggesting the most informative thing markets would have to offer guidance until today's 10y...
Wed, Jan 9 2013, 4:08 PM
Mortgage rates moved slightly lower again today , marking the third straight session of recovery after being launched higher last week. The magnitu...
Tue, Jan 8 2013, 12:04 PM
As has been the case on many a morning where the Fed's scheduled Twist buying is the only salient market event ( read more on POMO's ), bond marke...
Tue, Jan 8 2013, 6:32 AM
There's a rather anemic effort at creating more noise on the part of the day's scheduled events on Tuesday. Apart from a few sentiment surveys in the...
Tue, Jan 8 2013, 4:17 PM
Bond markets continue rebuilding from the wreckage they woke up to on Friday morning. A great majority of that rebuilding effort was undertaken on Fr...
Tue, Jan 8 2013, 1:58 PM
Mortgage rates continued to inch lower on average after rising to the highest levels since September at the end of last week. There were no signif...
Mon, Jan 7 2013, 12:02 PM
As noted in the Week Ahead as well as the first update below, there's been little to inform market movements apart from traders watching and reactin...
Mon, Jan 7 2013, 7:05 AM
The week ahead is limited in terms of economic data and events, and while the Treaasury Auction cycle will provide some guidance for bond markets, the...
Mon, Jan 7 2013, 4:29 PM
Starting at noon, MBS have held inside a two tick range between 104-07 and 104-09 with eerie regularity. These were the same highs seen earlier thi...
Mon, Jan 7 2013, 2:07 PM
Mortgage rates managed to catch their breath today after rising at the fastest pace since March on from Wednesday through Friday last week. Some lend...
Fri, Jan 4 2013, 11:34 AM
This morning's Day Ahead , pondering potential NFP outcomes, closed with the following thought: " The unpleasant fact about either scenario is Thu...
Fri, Jan 4 2013, 6:56 AM
Kicking the can down the road was all the rage a few days ago
when the cliche phrase was applied to the quasi-deal that softened the
blow of the ...
Fri, Jan 4 2013, 5:07 PM
Mortgage rates continued higher today, reaching their worst levels since before the Fed announced the specific buying program of Mortgage-Backed-Secur...
