Tue, Nov 24 2009, 5:34 PM
Tue, Nov 24 2009, 2:37 PM
Tue, Nov 24 2009, 1:00 PM
The Treasury has successfully auctioned a record $42 billion 5 yr notes at a high yield of 2.175%, which is lower than the 1pm "When Issued" mid-marke...
Mon, Nov 23 2009, 11:32 AM
Mon, Nov 23 2009, 10:48 AM
Last week ended basically where it began with prices of mortgage backed securities moving sideways near record highs and mortgage rates holding steady...
Mon, Nov 23 2009, 8:35 AM
In the week that was, mortgages traded in a narrowing range as 10yr TSY notes bounced back and forth between positional resistance and support. While ...
Mon, Nov 23 2009, 5:25 PM
Mon, Nov 23 2009, 3:06 PM
Heading into the after hours session, the FN 4.0 is +0-05 at 99-17 yielding 4.053% and the FN 4.5 is +0-05 at 101-30 yielding 4.263%. The secondary ma...
Mon, Nov 23 2009, 1:00 PM
Fri, Nov 20 2009, 11:23 AM
While our benchmarks have bounced around this six basis point range all week..." rate sheet influential" MBS coupon price improvements have stalled an...
Fri, Nov 20 2009, 10:31 AM
While benchmark interest rates continue to chop around in a contained range, mortgage-backed securities have moved sideways, failing to make much prog...
Fri, Nov 20 2009, 9:30 AM
The FN 4.0 is currently -0-02 at 99-08 and the FN 4.5 is trading +0-01 at 101-23. The range narrows...there isnt much room for further price appreciat...
Fri, Nov 20 2009, 5:01 PM
Fri, Nov 20 2009, 4:28 PM
Fri, Nov 20 2009, 2:15 PM
Thu, Nov 19 2009, 12:32 PM
Reports from fellow mortgage professionals indicate that mortgage rates are unchanged from yesterday. The par 30 year conventional rate mortgage rema...
Thu, Nov 19 2009, 11:32 AM
Thu, Nov 19 2009, 9:29 AM
WHILE THE RANGE IS STILL MODERATING TSY PRICE ACTION, RATE SHEET INFLUENTIAL PRICES ARE HITTING A CEILING (negative convexity). This implies rate shee...
Thu, Nov 19 2009, 5:00 PM
Thu, Nov 19 2009, 3:29 PM
Thu, Nov 19 2009, 1:45 PM
Wed, Nov 18 2009, 11:40 AM
Wed, Nov 18 2009, 9:30 AM
While the morning data served to bring out a bit of chopatility, 3.32% is still strong resistance and 3.37% is still strong support. Again...the data ...
Wed, Nov 18 2009, 6:09 PM
Wed, Nov 18 2009, 4:01 PM
The FN 4.0 is trading -0-04 at 99-09 yielding 4.084% and the FN 4.5 is bid -0-02 at 101-23 yielding 4.294%. The secondary market current coupon is 4....
Wed, Nov 18 2009, 1:54 PM
Wed, Nov 18 2009, 1:29 PM
Reports from fellow mortgage professionals indicates that rates are unchanged from yesterday. This keeps the par 30 year conventional rate mortgage ...
Tue, Nov 17 2009, 12:56 PM
Benchmark Treasury prices and mortgage-backed security prices rallied yesterday. AQ described the inner dynamics of the trade strategy that led to rat...
Tue, Nov 17 2009, 11:15 AM
Relative to yesterday's levels, MBS had a tougher time this morning than treasuries. The limits of Monday's MBS range were 101-24 on the low side and...
Tue, Nov 17 2009, 8:30 AM
The long end of the yield curve has recovered two weeks of steepening in the past two days.n 10s, buying beget more buying as open short positions wer...
Tue, Nov 17 2009, 5:01 PM
Tue, Nov 17 2009, 3:47 PM
As mortgage-backs make their way towards the exits, prices are holding near unchanged on the day. The FN 4.0 is +0-01 at 99-17 yielding 4.053% and th...
Tue, Nov 17 2009, 2:01 PM
Mon, Nov 16 2009, 10:57 AM
Mon, Nov 16 2009, 10:27 AM
Reports from fellow mortgage professionals indicate mortgage rates are holding steady, near last week's aggressive closing levels. The par 30 year co...
Mon, Nov 16 2009, 9:23 AM
The Week Ahead is busy, lots of data and Fed speakers. The trade tactic we anticipate to be a rates money mover...the unwinding of the yield curve STE...
Mon, Nov 16 2009, 5:15 PM
Mon, Nov 16 2009, 3:38 PM
As the session draws closer to close, the FN 4.0 is +0-18 at 99-22 yielding 4.035% and the FN 4.5 is +0-08 at 102-01 yielding 4.252%. The secondary m...
Mon, Nov 16 2009, 1:56 PM
Fri, Nov 13 2009, 10:59 AM
While intraday trade flows dont necessarily represent a long term strategy in the rates market, there is still reason to mark and highlight this event...
Fri, Nov 13 2009, 8:32 AM
Fri, Nov 13 2009, 5:45 PM
Fri, Nov 13 2009, 3:54 PM
Heading into the 5pm marking period, the FN 4.0 is +0-08 at 99-05 yielding 4.09% and the FN 4.5 is trading +0-08 at 101-24 yielding 4.287%. The seco...
Fri, Nov 13 2009, 1:47 PM
Fri, Nov 13 2009, 1:24 PM
It was a busy day in the rates market yesterday. Although several data releases needed to be digested, the main event was the 30 year bond auction. R...
Thu, Nov 12 2009, 12:45 PM
Early reports from fellow mortgage professionals indicate mortgage rates holding steady. The par 30 year conventional rate mortgage remains in the 4....
Thu, Nov 12 2009, 11:22 AM
Not a bad concession built into the long bond before the auction. That said, 30s are somewhat oversold at the moment, currently testing yield levels n...
Thu, Nov 12 2009, 8:36 AM
Thu, Nov 12 2009, 5:58 PM
Thu, Nov 12 2009, 3:26 PM
I've been hesitant to address this issue while I've watched it slowly unfold, but perhaps now is a good time to raise the red flag. Lackluster demand ...
