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...
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...
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...
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...
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...
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 ...
Thu, Feb 28 2013, 6:37 AM
It's a bit of a predicament that bond markets find themselves in at the
moment, having looked very serious about breaking the recent trend
higher ...
Thu, Feb 28 2013, 4:42 PM
Flatness... That would be the best characterization for today's range
in MBS. Even as Treasuries and equities futures whipped around mildly
befo...
Wed, Feb 27 2013, 12:18 PM
Bond markets improved overnight very slightly and then more aggressively
after Beppe Grillo said he would not be supporting the formation of a
gov...
Wed, Feb 27 2013, 7:37 AM
On most other days, the lineup of data and events on Wednesday (yesterday too, for that matter) presents some serious market moving considerations. Y...
Wed, Feb 27 2013, 7:04 PM
Like a 'tyger in the forests of the night,' equities markets lie in
wait for the cash open at 9:30am at which point they found themselves
with a c...
Tue, Feb 26 2013, 11:50 AM
Bond markets experienced a moderate amount of volatility overnight,
improving from yesterday's already impressive rally into the European
hours an...
Tue, Feb 26 2013, 7:37 AM
Before yesterday morning's Italian election results rocked markets, we noted that the week promised to be "significantly more active in terms of data...
Tue, Feb 26 2013, 4:59 PM
Thank you Italy... Your political instability has trickled all the way
down to MBS, allowing production coupons to have their single best rally
d...
Mon, Feb 25 2013, 11:58 AM
Until this morning, outgoing Italian PM Mario Monti and leading center-left candidate Pier Luigi Bersani
had been expected to carry enough votes to ...
Mon, Feb 25 2013, 7:37 AM
In stark contrast to the 4 days that followed Presidents' Day, the week ahead promises to be significantly more active in terms of data and events . ...
Mon, Feb 25 2013, 4:59 PM
Treasuries and MBS rallied ferociously today after elections in Italy
turned out (or "are turning out" since they're not done yet) to be very
diff...
Fri, Feb 22 2013, 11:47 AM
On this data-free Friday, domestic markets have been relegated to watching tradeflows
after a more interesting overnight session. To that end, ...
Fri, Feb 22 2013, 7:40 AM
Thursday's robust batch of economic data brings the calendar of domestic
reports to a close for the week. This leaves Friday at the whim of
overn...
Fri, Feb 22 2013, 4:25 PM
Earlier in the week, we posited that if FOMC Minutes didn't ruffle too many feathers, then next week's 2-day Bernanke
Congressional Testimony would ...
Thu, Feb 21 2013, 11:55 AM
Both MBS and Treasuries continue to trade at their best levels since
last Tuesday but remain blocked by technical resistance for now. The
combina...
Thu, Feb 21 2013, 8:01 AM
While Wednesday's FOMC Minutes delivered all the short term volatility
we might have expected, it was all meted to equities markets. Bond
markets...
Thu, Feb 21 2013, 4:56 PM
When is strength actually weakness in disguise? This is not a trick
question. It's probably applicable to many topics, but today it runs
the ris...
Wed, Feb 20 2013, 11:44 AM
What had been a tentative move off the lows at first soon turned into a
more decisive swing back into positive territory. Earlier weakness was
la...
Wed, Feb 20 2013, 7:18 AM
Here's another one of those sessions where a big-ticket market event
has lots of potential to move markets, but no obligation to do so.
Since N...
Wed, Feb 20 2013, 6:10 PM
Bond markets continued to heal after dodging a few of the same
old bullets from FOMC Minutes. This time around, ongoing QE expectations
were calle...
Tue, Feb 19 2013, 11:59 AM
Bond markets traded fairly well overnight and remained in an exceedingly
narrow range throughout. Both MBS and Treasuries hit New York just
barely...
Tue, Feb 19 2013, 7:50 AM
Friday started simply enough with MBS and Treasuries relatively in
line with Thursday's latest levels, but bond markets soon began giving
up groun...
Tue, Feb 19 2013, 4:29 PM
There wasn't much going on today. This includes the overnight session, the morning "busy" hours (when Europe is still trading a nd the domestic se...
Fri, Feb 15 2013, 11:28 AM
Quite simply, MBS are right back in line with the center of yesterday morning's trading range. While this is technically "bad" because it keeps price...
Fri, Feb 15 2013, 7:37 AM
Thursday, with it's 30yr Bond Auction and survey week Jobless Claims numbers, stood a decent chance the break the recent monotony for broader bo...
Thu, Feb 14 2013, 11:41 AM
A good measure of weakness worked its way through bond markets early in the overnight session. Asian market hours saw 10yr yields climb over 2.06 bri...
Thu, Feb 14 2013, 7:37 AM
This morning's Jobless Claims numbers are from the same week that the survey for next month's NFP numbers is being conducted. As such, a big miss or ...
Thu, Feb 14 2013, 4:18 PM
Treasury yields rose into scary territory overnight and remained fairly scary even in the morning hours as 10's pushed up over 2.05 after the stronger...
Wed, Feb 13 2013, 12:17 PM
Bond markets were against the ropes from the outset this morning as a healthy clip of overnight data and events in Europe pressured safe-haven German ...
Wed, Feb 13 2013, 7:31 AM
The afternoon's top tier event arrives at 1pm with the 10yr Treasury Auction. Given the recently more rapid evolution of the yield curve, markets may...
Wed, Feb 13 2013, 5:05 PM
It's interesting to consider that today's weakness was essentially present from the outset ("interesting" in an awful, painful sort of way). In anoth...
Tue, Feb 12 2013, 11:47 AM
Euros surged in the early AM, setting the tone for Treasuries and equities, which looked willing to head in either direction until then. Domestic trad...
Tue, Feb 12 2013, 7:30 AM
There remains zero on tap in terms of domestic economic data (unless you're a deep thinker on labor markets and want to count the Job Openings and Lab...
Tue, Feb 12 2013, 4:26 PM
MBS prices were slightly lower out of the gate this morning as markets whipped around on a moderate resurgence of tradeflows after weather and holiday...
Mon, Feb 11 2013, 11:44 AM
Whether we're talking about ceilings in terms of MBS prices or floors in terms of Treasury yields, the specific cross-section of "bond markets" we're ...
Mon, Feb 11 2013, 8:07 AM
After a reasonable amount of weakness in the morning, broader bond markets were able to ratchet down to some of their best levels since January 25th ...
MBS Market Alerts
