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...
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. ...
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...
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...
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...
Wed, Nov 7 2012, 4:31 PM
The market has a tendency to make people look bad when they try to
oversimplify or over-analyze the relationships between underlying events
and po...
Tue, Nov 6 2012, 11:35 AM
Bond markets opened in weaker territory this morning, but only moderately so. The overnight session didn't contain any remarkable revelations to moti...
Tue, Nov 6 2012, 6:37 AM
Today's election continues to dominate the near term outlook. Who knows exactly how long this may have been the case?! But certainly, Friday's pa...
Tue, Nov 6 2012, 4:47 PM
In the context of the context of the past 3 weeks, current prices in production coupon MBS aren't that bad. In fact, we're headed out in better terri...
Mon, Nov 5 2012, 11:51 AM
The overnight session was generally positive for bond markets as the looming US election and general European uncertainty both
offer reasons for...
Mon, Nov 5 2012, 7:47 AM
The week ahead offers an uncommonly light selection of economic reports
as well as the 3/10/30yr round of Treasury Auctions. And of course,
Tuesd...
Mon, Nov 5 2012, 4:11 PM
10yr Treasuries--the best way we have to track the broader domestic bond market overnight--made it to the European session at the same levels seen jus...
Fri, Nov 2 2012, 12:02 PM
Even though markets can go either way following an NFP report that comes in "pretty close" to consensus, today's Payrolls print was a bit more econom...
Fri, Nov 2 2012, 6:49 AM
It's been a long and interesting week to say the least. We finally come to the end of the week today, though it certainly wouldn't have felt ' too ...
Fri, Nov 2 2012, 4:24 PM
If you'd given us the results of today's Employment Situation yesterday
and asked us to predict how markets would react, we certainly have
expecte...
Thu, Nov 1 2012, 12:07 PM
Bond markets are weaker today, but it's the sort of weakness that's
relatively tolerable. It speaks to some sort of ongoing, underlying
level of ...
Thu, Nov 1 2012, 6:37 AM
Whereas Wednesday had little by way of data and domestic market
headlines, Thursday is crowded with reports as some of the data normally
scheduled...
Thu, Nov 1 2012, 4:28 PM
As far as "down days" go, today's wasn't nearly as painful or as eventful as most can be.
Fannie 3.0s are heading out less than a quarter of a poin...
Wed, Oct 31 2012, 12:11 PM
It was hard to know exactly what to expect coming into today's session,
but one of the fairer guesses was that we'd see some measure of support
fr...
Wed, Oct 31 2012, 6:55 AM
After the once-in-a-lifetime unscheduled hiatus of the past 1.75 days,
bond markets will be open again on Wednesday, but we're not expecting
the s...
Wed, Oct 31 2012, 5:08 PM
As you might expect, the first day back on line after an unscheduled 1.5
days off was a somewhat volatile one for bond markets. The fact that
it ...
Tue, Oct 30 2012, 8:08 AM
Just about the only thing that remains on the calendar for today will be the 900am release of S&P Case Shiller
Home Prices. The Conference Board an...
Mon, Oct 29 2012, 12:12 PM
Trading has been predictably slow and uneventful as market participants are in housekeeping mode
thanks to an early close today and a complete clo...
Mon, Oct 29 2012, 8:24 AM
Even before it begins, the week ahead is getting off to a tumultuous start with
Hurricane Sandy expected to drastically increase in severity into ...
Mon, Oct 29 2012, 5:02 PM
MBS Live : MBS Afternoon Market Summary
After closing 2 hours earlier than a normal early close (12pm vs 2pm), bond markets will be complet...
Fri, Oct 26 2012, 11:55 AM
gain a good portion of the day's movement was seen during the overnight session as Asian and Europe essentially made the opposite move from yesterda...
Fri, Oct 26 2012, 7:25 AM
Things are frustrating right now for bond markets. Somehow, October has managed to be one of the weakest months of the past two years,
yet has ...
Fri, Oct 26 2012, 4:36 PM
Sometimes these things happen. We're sensitive to the general feeling
that Friday afternoons tend to be tough more often than they do what
they d...
Thu, Oct 25 2012, 12:03 PM
MBS still aren't back into positive territory on the day, but they're in much better shape than
earlier this morning when Fannie 3.0s hit 104-03...
Thu, Oct 25 2012, 7:36 AM
After a sparse overnight calendar in Europe and Asia, the domestic session kicks off with Jobless Claims , Durable Goods, and Chicago Fed's Nation...
Thu, Oct 25 2012, 4:33 PM
MBS were down, but not out on Thursday, although the emphasis
certainly seems to be on the "down" part for bond markets in general,
not to menti...
Wed, Oct 24 2012, 11:53 AM
Things have been mostly weaker for MBS this morning, but only moderately so. Fannie 3.0s ratcheted down to 104-16 after opening up just below the b...
Wed, Oct 24 2012, 7:52 AM
The first two days of the week have been largely silent and largely
positive for MBS and Treasuries. During that time, it seems to have
been equi...
Wed, Oct 24 2012, 4:46 PM
The dreaded triple "U" score for bond markets today... The data was underwhelming and the trading on the session was uneventful as
MBS cut an...
Wed, Oct 24 2012, 2:17 PM
Information received since the Federal Open Market Committee met in
September suggests that economic activity has continued to expand at a
moderat...
Tue, Oct 23 2012, 11:35 AM
MBS and Treasuries rallied overnight and have continued to hold their ground at those stronger levels in the AM hours. There are several places one...
Tue, Oct 23 2012, 7:14 AM
Monday saw a fairly standard-issue " inside day " for bond the two
securities we follow most closely: Production MBS (for mortgage rate
implicatio...
Tue, Oct 23 2012, 4:12 PM
MBS kicked off the day in line with yesterday's highs and soon moved into even better territory. Overnight trading was light, but decidedly positiv...
Mon, Oct 22 2012, 11:27 AM
Although the overnight session was generally devoid of major market
moving events, bond markets moved weaker nonetheless. We dug our heels
in at ...
Mon, Oct 22 2012, 7:45 AM
Friday marked the only decidedly positive day for bond markets last
week with MBS gaining three eighths of a point and 10yr Treasuries down
to 1.7...
Fri, Oct 19 2012, 12:02 PM
It's not uncommon to expect and/or hope for a positive day for bond
markets after a progressively longer string of negative days. And
although it...
Fri, Oct 19 2012, 6:16 PM
After 4 days of nastiness--the last of which being a head-fake rally
that subsequently ended at weaker levels--bond markets finally ended in
the g...
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