Tue, Nov 27 2012, 11:45 AM
In spite of Eurozone leaders and the IMF reaching a 33rd hour (that's 3x an "11th
hour," see?) deal on Greek debt restructuring, bond markets hit th...
Tue, Nov 27 2012, 7:40 AM
Late on Monday, Eurozone Finance Ministers, along with the IMF, reached a deal on Greece's long-term debt with the supposed outcome being the €44 bln
...
Tue, Nov 27 2012, 4:46 PM
Markets got their long awaited Greece deal after the close last night and it turned out to be less of a triumph than hoped. While it wasn't a co...
Tue, Nov 27 2012, 3:45 PM
Mortgage
rates across multiple lenders were much more unified in their movement versus yesterday. Most lenders where unchanged to moderately im...
Mon, Nov 26 2012, 11:52 AM
Both stock prices and bond yields have been on the decline since topping
out on Friday. While stocks were sideways to weaker in the overnight
ses...
Mon, Nov 26 2012, 7:15 AM
After a somnambulant holiday-shortened week of trading, markets waste no time
in getting back to business. Perhaps it would be more accurate to s...
Mon, Nov 26 2012, 4:10 PM
After losing ground every single day in the previous
holiday-shortened week, bond markets got back to business today in
improved territory throu...
Mon, Nov 26 2012, 3:23 PM
Mortgage
rates once again saw a greater-than-normal degree of stratification
between lenders, meaning that some of them offered lower rates t...
Fri, Nov 23 2012, 11:23 AM
There continues to be little, if anything to report about goings-on in
bond markets this morning. Earlier in the session, despite activity
being ...
Fri, Nov 23 2012, 8:45 AM
Welcome to the day after the Thanksgiving Holiday--where US markets are
open in name, but closed in spirit. Technically, SIFMA recommends an
"ear...
Fri, Nov 23 2012, 4:41 PM
hough it's the default expectation that early-close sessions
juxtaposed to holidays will be light in volume and uneventful in terms
of volatility,...
Fri, Nov 23 2012, 1:17 PM
Mortgage
rates were unchanged on Friday , based on the small minority
of lenders who remained open. Taken together with the first three days
...
Wed, Nov 21 2012, 11:36 AM
Trading so far today has represented a slight extension of yesterday's weakness and hopefully, that's all!
Looking at price movements beyond toda...
Wed, Nov 21 2012, 6:19 AM
Wednesday brings the last of the week's economic data, borrowed from their regularly scheduled days to accommodate
the holiday schedule. Though mar...
Wed, Nov 21 2012, 4:40 PM
As has been the case so often since the onset of the Eurozone crisis, the tenor in domestic bond markets was largely a byproduct of European events in...
Wed, Nov 21 2012, 2:01 PM
Mortgage
rates were all over the board today with some lenders
improving noticeably and others pricing significantly weaker versus
yesterday'...
Tue, Nov 20 2012, 12:15 PM
MBS actually managed to eke out a few ticks of higher prices than yesterday afternoon's best levels before headline risk took it's toll
on bond ma...
Tue, Nov 20 2012, 6:48 AM
The holiday-shortened week continues in similar fashion today as
yesterday: with not much on the agenda. Monday's few pieces of economic
data hel...
Tue, Nov 20 2012, 4:31 PM
It was a choppy day for mortgages as slightly lower-than-average
volume in MBS and much-lower-than average volume in longer-dated
Treasuries exa...
Tue, Nov 20 2012, 3:38 PM
Mortgage rates started out the day mixed but mostly lower as lenders passed along market improvements from late in yesterday's session. Mid-morning h...
Mon, Nov 19 2012, 11:21 AM
The morning's economic data were both better than expected with Existing Home Sales coming in at 4.79 mln vs 4.75 mln.
The NAHB's Housing Market In...
Mon, Nov 19 2012, 8:02 AM
This week will be punctuated in the US, with a full closure on Thursday for
Thanksgiving and an early close on Friday (2:00 PM ET). The effects o...
Mon, Nov 19 2012, 4:15 PM
MBS and broader bond markets began the day in weaker territory after a major "risk-on" move
in the overnight session. What's interesting (maybe?)...
Mon, Nov 19 2012, 2:20 PM
Mortgage
rates were higher to start the holiday-shortened week .
Despite the deterioration, rates remain broadly consistent with a range
that...
Fri, Nov 16 2012, 12:21 PM
It's been a wild morning for market events, unexpected headlines,
and corresponding reactions across diverse markets. In a true sign of
the tim...
Fri, Nov 16 2012, 7:32 AM
Much in the same vein as Greece and QE3, the Fiscal Cliff is the new mega-issue du jour for financial markets. That this was likely to become an is...
Fri, Nov 16 2012, 4:28 PM
Wow... Quite a Friday! What, by all rights, could have been an
uneventful "fade-to-sideways" into the weekend (and holiday-shortened
week ahead)...
Fri, Nov 16 2012, 4:11 PM
Mortgage
rates continued to bounce back , moving lower for a second
straight day after rising on the first two days of the week. Net/net,
the...
Thu, Nov 15 2012, 12:31 PM
Bond markets began the day in moderately weaker territory after Asian
and European sessions took yields higher overnight. But the onset of
the do...
Thu, Nov 15 2012, 6:26 AM
If Wednesday was the busiest day of the week in terms of economic data and market-moving events, Thursday isn't far behind. The
festivities kick ...
Thu, Nov 15 2012, 4:18 PM
Third day of the week is apparently the charm for MBS... Tuesday and
Wednesday saw a level of spread-widening versus Treasuries that bordered on a...
Thu, Nov 15 2012, 3:00 PM
Mortgage
rates put an end to two days of weakness , but for most
lenders, rates were only moderately improved on Thursday. Weak economic
data...
Wed, Nov 14 2012, 12:11 PM
Bond markets started out in slightly weaker territory today after a
mildly weaker Asian session and moderately weaker European session. The
morni...
Wed, Nov 14 2012, 7:55 AM
Wednesday is the busiest day of this week in terms of the
economic reports and other potential market movers on the calendar. The
biggest-ticke...
Wed, Nov 14 2012, 5:15 PM
For the second straight day , we've seen MBS underperforming
Treasury benchmarks. In other words, Treasuries managed to hold steady
while MBS lo...
Wed, Nov 14 2012, 2:30 PM
Mortgage
rates moved higher at a quicker pace today despite the fact
that US Treasury yields were unchanged to slightly improved. In some
ca...
Tue, Nov 13 2012, 11:54 AM
Bond markets have been mixed so far this morning and somewhat volatile,
but within narrow ranges. Overnight news and events out of Europe
pushed ...
Tue, Nov 13 2012, 7:11 AM
Today's data is relatively non-existent, with only 3rd tier reports in
the morning and the Federal budget at 2pm which is more of a
house-keeping ...
Tue, Nov 13 2012, 4:34 PM
MBS struggled all day long despite the fact that Treasuries enjoyed a reasonably smooth and uneventful ride near the stronger side of Friday's range. ...
Tue, Nov 13 2012, 2:39 PM
Mortgage rates edged just slightly higher to begin the shortened week. Most lenders were closed yesterday in observance of the Veteran's Day holid...
Fri, Nov 9 2012, 11:20 AM
After a morning of data that was exclusive unfriendly to bond markets,
MBS and Treasuries continue to avoid the sort of ugly selling-sprees
that m...
Fri, Nov 9 2012, 6:14 AM
The past two weeks have been an exercise in exhaustion and endurance for
markets and market participants. Following the post-election rally,
the ...
Fri, Nov 9 2012, 4:15 PM
Bond Markets entered the domestic session slightly improved from yesterday's latest levels but soon began giving up those
gains. This weakness real...
Fri, Nov 9 2012, 2:45 PM
Mortgage
rates were mixed today , with some lenders in slightly better
shape and others slightly higher in cost. Any lenders who were in
bett...
Thu, Nov 8 2012, 11:36 AM
MBS struggled a bit this morning--to whatever extent a supportive bounce
at 105-00 in Fannie 3.0s could be considered struggling (considering
that...
Thu, Nov 8 2012, 7:45 AM
As always, markets have priced in everything that's " known " and moved into position to digest the " unknown ." In the current case, that means that...
Thu, Nov 8 2012, 4:15 PM
On a day where the ECB press conference with Draghi stood out as the
most likely market mover, it was instead the triumphant 30yr Treasury
auction...
Thu, Nov 8 2012, 3:03 PM
Mortgage
rates held their ground for the most part, though some
lenders were slightly weaker when the day's first round of rate sheets
came o...
Wed, Nov 7 2012, 11:56 AM
Speculation as to the significance of the presidential election to bond markets finally got it's confirmation as Treasuries and MBS zoomed to their ...
Wed, Nov 7 2012, 7:29 AM
Much as the lead up to the election drove negative volatility for bond markets on Tuesday , Wednesday's election results may well swing that volatili...
