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...
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...
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...
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...
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 ...
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...
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...
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...
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, 5:05 PM
What played out over the past two days has been almost exclusively a bond market phenomenon. Yesterday's FOMC Minute shake up had nothing to do with ...
Thu, Jan 3 2013, 11:49 AM
Even though yesterday's session wasn't technically "weak" between the open and close, it was definitely weaker day-over-day, as has been the case for ...
Thu, Jan 3 2013, 7:33 AM
For bond markets, Thursday will offer an opportunity to confirm that the PRE-Fiscal-Cliff-Deal range is also the POST-Fiscal-Cliff-Deal range . F...
Thu, Jan 3 2013, 4:56 PM
It's ironic that this morning's "day ahead," pondered the possibility that economic data would creep back into the picture today with ADP Employment i...
Wed, Jan 2 2013, 11:35 AM
Referring to the 11th hour passage of a Fiscal Cliff bill as a "deal," is an overstatement. But it's at least a "mini-deal," or depending on how impo...
Wed, Jan 2 2013, 8:13 AM
A few hours before the first business day of 2013, the House approved a bill to avert the Fiscal Cliff . Although some last minute effort was muster...
Wed, Jan 2 2013, 4:34 PM
The last-minute Fiscal Cliff deal clearly suggested that bond markets would have a tough day today , but with the nature of the deal being less than ...
Mon, Dec 31 2012, 11:29 AM
With Japanese markets closed, overnight trading activity was light. 10yr Treasuries began the European hours in slightly weaker Territory than Friday...
Mon, Dec 31 2012, 4:22 PM
Today's headlines generally erred on the site of optimism for some sort of stop-gap Fiscal Cliff agreement and Treasuries began taking their lumps ear...
Sun, Dec 30 2012, 10:16 PM
Both chambers of Congress worked over the weekend to ensure that no Fiscal Cliff deal would accidentally get passed or announced before the last poss...
Fri, Dec 28 2012, 11:38 AM
At first blush, headlines just before 11am indicating that the President
would offer up a scaled-back Fiscal Cliff deal today, seemed to be a
simp...
Fri, Dec 28 2012, 8:20 AM
After the closing bells on Thursday, the White House announced that the President would be meeting with Majority and Minority Leaders from both the ...
Fri, Dec 28 2012, 4:51 PM
For a trading day that had a good amount of potential for volatility,
today turned out the be pretty tame, especially for MBS which held a 6
tick ...
Thu, Dec 27 2012, 11:21 AM
As expected, Thursday has proven to be the first real trading day of the
week. Those expectations were due to the fact that it's the first day
of...
Thu, Dec 27 2012, 7:59 AM
Thursday is indeed the first day of the week as it's the first
day where politicians will be back in action, potentially churning out
last-minute...
Thu, Dec 27 2012, 4:19 PM
Treasuries put in a better performance than MBS today, thanks to the
"flight-to-safety" nature of this morning's rally. As expected,
economic dat...
Wed, Dec 26 2012, 11:46 AM
Equities were one of the only places that bond markets were going to get
any sort of guidance today given the fact that economic data is
inconsequ...
Wed, Dec 26 2012, 7:48 AM
After a day and a half off, markets return to a full session on
Wednesday, but only in the sense that markets are open all day. Beyond
the techni...
Wed, Dec 26 2012, 4:51 PM
Considering that the Thanksgiving holiday always begins with full market
closure on a Thursday, you can usually count on the juxtaposed Friday to
...
Mon, Dec 24 2012, 11:23 AM
As-expected, it's been a silent morning for US trading and a surprisingly 'silent night' in Europe as well. There are no market movers, no instances o...
Mon, Dec 24 2012, 8:16 AM
If left to its own devices, the week ahead would be almost a complete non-issue, with little volume and inconsequential volatility due to 2-day Christ...
Fri, Dec 21 2012, 11:36 AM
Risk markets tanked early in the overnight session (stocks and bond yields sharply lower) after news hit that the House didn't have enough support for...
Fri, Dec 21 2012, 8:59 AM
Whereas Thursday's session was characterized as a bit tricky due to the uncertain balance of importance between economic data and pervasive Fiscal C...
Fri, Dec 21 2012, 4:19 PM
There was little reaction to this morning's economic data at 8:30am despite the fact that both reports were stronger-than expected. Consumer Sentimen...
MBS Market Alerts
