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...
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...
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