Thu, Sep 13 2012, 7:25 AM
For many market watchers, mavens, talking-heads of all varieties, and even surveyed primary dealers, today's question isn't so much about WHETHER th...
Thu, Sep 13 2012, 4:35 PM
Mortgage rates abruptly lower today after the Fed unveiled a third round of large-scale asset purchases known as quantitative easing or QE3. Althou...
Thu, Sep 13 2012, 4:25 PM
MBS can't control their enthusiasm after the Fed announced MBS-Specific
QE3 today , adding enough dedicated purchase money to the buy side each
m...
Wed, Sep 12 2012, 12:37 AM
In terms of market-moving data, today we finally arrive at the first day of two most significant days of data and events since the last FOMC and ECB A...
Wed, Sep 12 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
The entire shape of trading this morning seems to have been dictated by the German court decision , ...
Wed, Sep 12 2012, 4:26 PM
MBS Live : MBS Afternoon Market Summary
Bond markets simply languished sideways to slightly weaker today after walking in the door already ...
Wed, Sep 12 2012, 1:58 PM
Mortgage rates moved higher for the third straight day after an important legal decision in Germany indicated that Europe's new permanent bailout fu...
Tue, Sep 11 2012, 11:40 AM
MBS Live : MBS Morning Market Summary
MBS opened in slightly weaker territory but were still within yesterday's range. That range was actu...
Tue, Sep 11 2012, 7:33 AM
The week began fairly uneventfully yesterday as MBS essentially coasted sideways in a fairly narrow range, ultimately going out at similar levels to t...
Tue, Sep 11 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
After hitting their best recent levels at the end of August, bond markets have simply been trending...
Tue, Sep 11 2012, 2:53 PM
Mortgage rates are somewhat higher again today after news out of Europe created market momentum overnight in favor of higher stock prices and higher...
Mon, Sep 10 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
After opening in slightly weaker territory, MBS moved back into the green to the tune of 2-3 ticks in...
Mon, Sep 10 2012, 8:14 AM
On August 24th, we shifted our attention, for the most part, to the first two weeks of September as an action-packed and informative period of major c...
Mon, Sep 10 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Stocks sold off roughly 10 points from their highs of the day and the "risk-off" environment ben...
Mon, Sep 10 2012, 2:52 PM
Mortgage rates are somewhat higher to begin the week, continuing a bounce back from better levels seen immediately after Friday's weak employment re...
Fri, Sep 7 2012, 12:02 PM
MBS Live : MBS Morning Market Summary
MBS and Treasuries' cups runneth over... Or perhaps their cups are leaking a bit after the headier m...
Fri, Sep 7 2012, 7:50 AM
As far as NFP 's go (the " nonfarm payrolls " component of the Employment Situation Report ), today's is a big one for several reasons. Befor...
Fri, Sep 7 2012, 4:26 PM
MBS Live : MBS Afternoon Market Summary
How Green Was My Rally? Apparently not as green as it was... This morning's gains took MBS into u...
Fri, Sep 7 2012, 1:41 PM
Mortgage rates moved strongly lower today regaining the territory lost after yesterday's disconcerting move higher. On average, this leaves rates a...
Thu, Sep 6 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
ECB Pres Mario Draghi generally delivered on what had been well-telegraphed policy changes in t...
Thu, Sep 6 2012, 7:53 AM
In case you missed it, the ECB has been doing everything it can to telegraph today's policy changes. This began as early as late July's " London spee...
Thu, Sep 6 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Despite the relatively larger movement in MBS prices today, the underlying market events weren't al...
Thu, Sep 6 2012, 1:55 PM
Mortgage rates moved noticeably higher today after a better-than-expected report on private payrolls suggested that tomorrow's all-important Employm...
Wed, Sep 5 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
As we've seen so many times since the onset of Operation Twist, the daily scheduled Fed buying has ...
Wed, Sep 5 2012, 7:14 AM
Tuesday proved to be an interesting post-Labor Day Tuesday as bond markets ended the day fairly close to Friday's levels. Additionally, Treasuries ...
Wed, Sep 5 2012, 4:24 PM
MBS Live : MBS Afternoon Market Summary
No matter how many times and how vigorously we shake the magic 8-ball, it continues offering the mo...
Wed, Sep 5 2012, 3:20 PM
Mortgage rates moved very slightly higher today and in some cases, were unchanged. This keeps average rates in the same territory as last Friday an...
Tue, Sep 4 2012, 11:18 AM
MBS Live : MBS Morning Market Summary
Bond markets opened in weaker territory this morning after ECB Pres Mario Draghi was quoted as saying ...
Tue, Sep 4 2012, 10:13 PM
MBS Live : MBS Afternoon Market Summary
Markets were still shaking off some of the extended weekend today as volume was relatively low fo...
Tue, Sep 4 2012, 7:48 AM
The first week of September is here, and with it, the first salvo of the "big ticket events" that we've been waiting for since the rally that follow...
Tue, Sep 4 2012, 3:12 PM
Mortgage rates were completely unchanged today despite the 3-day Labor Day weekend. Historically, there has been a fair amount of volatility betwee...
Fri, Aug 31 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
After some morning weakness, bond markets were able to get back to relative flatness heading into B...
Fri, Aug 31 2012, 8:18 AM
The lead-off analogy is one that we've used many times to relate a relatively simple market phenomenon, just as the primary subject material is a re...
Fri, Aug 31 2012, 5:01 PM
Mortgage rates moved slightly lower today reaching their best levels since early in the month after a speech from Fed President Bernanke in Jackson ...
Fri, Aug 31 2012, 4:36 PM
MBS Live : MBS Afternoon Market Summary
Today's tricky because the obvious focus had been Bernanke's Jackson Hole speech . So seeing a su...
Thu, Aug 30 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Lowest 10yr yield on 8/28 was 1.6147... Given that we generally characterize the current week as fl...
Thu, Aug 30 2012, 7:25 AM
Bond markets continued to give the impression that they're not eager to commit to any prolonged directional moves ahead of the series of events most...
Thu, Aug 30 2012, 4:30 PM
MBS Live : MBS Afternoon Market Summary
Thursday night and we've essentially seen the sidewa ys range established last Thursday hold up in...
Thu, Aug 30 2012, 4:05 PM
Mortgage rates moved slightly lower today recovering a portion of weakness seen yesterday. Markets have a lot on their plate in the first two weeks...
Wed, Aug 29 2012, 11:35 AM
MBS Live : MBS Morning Market Summary
This morning has seen Q2 final GDP print +1.7 percent, as expected, as well as a better-than-expect...
Wed, Aug 29 2012, 7:54 AM
Occasionally, reality proves to sober the cynicism or concern in our analysis. Sometimes, events crop up that have an unexpectedly large impact on tr...
Wed, Aug 29 2012, 4:22 PM
Mortgage rates moved higher today at a fairly quick pace after falling in line with their best levels of the month yesterday. The move doesn't alte...
Wed, Aug 29 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Volume increased today as headlines and data became more plentiful, but not necessarily because of ...
Tue, Aug 28 2012, 11:34 AM
MBS Live : MBS Morning Market Summary
Last week we noted the possibility that the current week could see a mostly sideways grind into the...
Tue, Aug 28 2012, 7:00 AM
While Monday technically contained a modicum of economic data in the form of the Chicago Fed's manufacturing index, the first potentially market-mov...
Tue, Aug 28 2012, 4:24 PM
MBS Live : MBS Afternoon Market Summary
The biggest story of the day was that there continue to be no big stories since last week's FOMC...
Tue, Aug 28 2012, 2:29 PM
Mortgage rates moved moderately lower today in most cases. Although the drop wasn't fast-paced or abrupt, the recent range of rates has been extrem...
Mon, Aug 27 2012, 11:09 AM
MBS Live : MBS Morning Market Summary
The week is off to the slow and relatively sideways start as expected with much of the volume acc...
Mon, Aug 27 2012, 6:59 AM
The week ahead has potential to offer decent amounts of markets movement only to the extent that it's economic data and auctions deviate from expectat...
Mon, Aug 27 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
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MBS Pricing Snapshot
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