Thu, Oct 18 2012, 12:37 PM
Little to say here apart from the fact that bond markets can't catch a
break. MBS and Treasuries BOTH tried to make it through their
respective t...
Thu, Oct 18 2012, 10:26 PM
Rather than discreet, explosive tape-bombs , the two day EU
summit that began yesterday offered up a steady stream of fairly generic
encouragemen...
Thu, Oct 18 2012, 7:32 AM
With the first part of this week catastrophically failing to demonstrate
any meaningful connection between economic data and market movements,
we'...
Thu, Oct 18 2012, 4:41 PM
Bond markets offered up a decent head fake this morning as we were stronger out of the gate for once! But that changed abruptly
heading into th...
Wed, Oct 17 2012, 12:28 PM
Today is a very simple (and very negative) day for bond markets. The bottom
line is that between Euro headlines and a freakishly strong Housing
S...
Wed, Oct 17 2012, 7:27 AM
Carrying on with the question posed at the beginning of the week regarding "confirming apathy" or " discovering organic motivation," if
we're to ...
Wed, Oct 17 2012, 4:39 PM
Although there's no way to know whether or not history will repeat
itself this time, we've seen this pattern of behavior before where
markets make...
Tue, Oct 16 2012, 12:05 PM
As has been the case on many occasions since the inception of QE3, the biggest determining factor of MBS price levels in the AM hours has been the i...
Tue, Oct 16 2012, 6:48 AM
The title of yesterday's "week ahead" asked whether or not markets to decide between confirming apathy and discovering organic motivation. Grante...
Tue, Oct 16 2012, 4:33 PM
To say that MBS held a narrow trading range today would be an understatement .
Even though Treasury yields and stocks moved gradually higher
t...
Mon, Oct 15 2012, 11:48 AM
We mused this morning that if markets could talk , they would seem
to have been saying "now what?" ever since QE3 went live roughly a
month ago. ...
Mon, Oct 15 2012, 7:18 AM
Before the Fed announced QE3 in mid-September, markets were more active , ostensibly trading varying degrees of anticipation for
the size, shape,...
Mon, Oct 15 2012, 4:58 PM
MBS Live : MBS Afternoon Market Summary
Bond markets coasted into the domestic session after extremely quiet trading during Asian and European ...
Fri, Oct 12 2012, 11:20 AM
In a shock ing twist of ev ents, bond markets were once again
completely apathetic overnight and have been sideways to slightly
improved so far th...
Fri, Oct 12 2012, 7:32 AM
Heading into the last day of a holiday-shortened week that has offered
little guidance for bond markets, we see today's lack of major economic
dat...
Fri, Oct 12 2012, 4:34 PM
Bond markets cruised casually weaker in the overnight session as stocks
were flat, both holding narrow ranges and nonplussed to the extreme.
Trea...
Thu, Oct 11 2012, 11:48 AM
In case you missed it and/or don't have time to check out the update below, today's drop in Jobless Claims was big enough to raise some eyebrows ,
...
Thu, Oct 11 2012, 6:30 AM
Thursday is a major gear shift , and stands a good chance to
leave less doubt as to which tracks are most worthy to be followed. By
the end of i...
Thu, Oct 11 2012, 4:21 PM
Although bond markets leaked casually into weaker territory overnight
and despite the hiccups caused by the curiously strong (but later
explained)...
Wed, Oct 10 2012, 11:29 AM
The day has thus far shaped up as a standard-issue " Narrow Day ,"
characterized by mostly sideways price/yield movements in MBS and
Treasuries, a...
Wed, Oct 10 2012, 6:02 AM
Tuesday was a challenging for MBS on several fronts. In
addition to being a relatively light volume "first day back after a
3-day weekend," MBS...
Wed, Oct 10 2012, 4:28 PM
Bond markets began the day in the red after an overnight session
that was less than exciting or even interesting. Treasuries simply
drifted hig...
Tue, Oct 9 2012, 11:24 AM
Bond markets were somewhat choppy earlier this morning as volume
ramped back up to less-than-inconsequential levels following the
Columbus Day h...
Tue, Oct 9 2012, 6:35 AM
Bond markets were closed for Columbus day yesterday although stock markets remained open. That provided a brief, low-volume glimpse
into tradin...
Tue, Oct 9 2012, 4:36 PM
Monthly settlement for Class A MBS (Fannie/Freddie 30yr Fixed
coupons) and nothing major on the calendar to coax participants back
into the fray...
Fri, Oct 5 2012, 12:02 PM
This morning's stronger than expected jobs report caused an instant sell-off for bond markets. The report was positive not because it hit expectati...
Fri, Oct 5 2012, 6:11 AM
Recent employment-related data has been mixed with about half the reports (or employment components of other reports) pointing toward the stronger ...
Fri, Oct 5 2012, 4:27 PM
Today's jobs report did a good amount of damage to broader bond markets, though MBS prices managed to withstand the barrage with more composure. ...
Thu, Oct 4 2012, 11:52 AM
MBS Live : MBS Morning Market Summary
Bond markets drifted higher in yield overnight in light volume. China has been out all week, which...
Thu, Oct 4 2012, 6:21 AM
After more than a week of utter containment of trading levels in bond markets, Thursday marks the last chance for events, data, and headlines to c...
Thu, Oct 4 2012, 4:36 PM
MBS faced two major challenges today, both of which took their toll on
prices and resulted in widespread negative reprices. At the most
obvious l...
Wed, Oct 3 2012, 11:56 AM
MBS Live : MBS Morning Market Summary
The day began well enough for MBS and Treasuries with overnight markets giving mixed cues. Late Euro...
Wed, Oct 3 2012, 5:44 AM
After Monday's stronger-than-expected ISM numbers were weathered uneventfully for bond markets, the first two days of the week have essentially " not ...
Wed, Oct 3 2012, 4:32 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Tue, Oct 2 2012, 11:36 AM
MBS Live : MBS Morning Market Summary
Today is one of those days that looks like it will be relatively uneventful based on the agenda of data a...
Tue, Oct 2 2012, 5:23 AM
Monday marked a solid start to October for MBS as prices held true to the " leveling off " theme rather than the " reversal ." This keeps Fannie 3....
Tue, Oct 2 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Fannie 3.0s ALMOST hit all-time highs today, briefly touching 106-01 in what was mostly a sideway...
Mon, Oct 1 2012, 11:43 AM
MBS Live : MBS Morning Market Summary
October is a historically ominous month for bond markets, and while the last three years of negativ...
Mon, Oct 1 2012, 8:12 AM
While MBS have essentially maintained their QE3 sugar rush , Treasuries have taken the past two weeks to make an orderly move back to the same " safe...
Mon, Oct 1 2012, 4:11 PM
MBS Live : MBS Afternoon Market Summary
While Treasuries faced a major (relative) set-back with the stronger-than-expected ISM data on Mo...
Fri, Sep 28 2012, 12:43 AM
After stringing together 8 sessions closing unchanged or improved vs the previous close, Treasuries and MBS both gave up some ground on Thursday. W...
Fri, Sep 28 2012, 11:32 AM
MBS Live : MBS Morning Market Summary
Bond markets improved overnight but began giving up ground shortly after 9am. The weakness wasn't...
Fri, Sep 28 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
After opening in stronger territory and continuing some of that strength through the first round ...
Thu, Sep 27 2012, 11:57 AM
MBS Live : MBS Morning Market Summary
Depending on how long you've been watching market movements and keeping track of changes in mortgage rat...
Thu, Sep 27 2012, 6:56 AM
Wednesday saw more all-time highs for MBS, but in this version, the winning streak gave a more convincing impression that the booster rockets provid...
Thu, Sep 27 2012, 4:34 PM
MBS Live : MBS Afternoon Market Summary
Production MBS have closed flat or higher for 8 straight sessions until finally pulling back toda...
Wed, Sep 26 2012, 11:46 AM
MBS Live : MBS Morning Market Summary
Bond markets rolled into the morning already in slightly better territory after an overnight session ...
Wed, Sep 26 2012, 7:44 AM
Qualitative assessments of probable future behavior have been risky propositions when it comes to markets, but today's session looks like it will be...
Wed, Sep 26 2012, 4:35 PM
MBS Live : MBS Afternoon Market Summary
Since yesterday afternoon, Treasuries have rallied more effectively than MBS. It's been a good,...
Tue, Sep 25 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
MBS are at their weakest levels of the morning. Taken out of context, that could come across as di...
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