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MBS Commentary

Over a decade and counting! Mortgage News Daily has provided daily MBS market commentary to the mortgage industry since 2007.

NEW The Day Ahead: Two Flavors Of Home Price Data, Plus Consumer Sentiment

Tue, Sep 25 2012, 7:36 AM

Monday's session was odd, but enjoyable for MBS devotees. We'd be hard pressed to cite one significant driver of trade other than the simple fact t...

NEW MBS RECAP: Held Up Well Into Selling, Even Better Into Rally

Tue, Sep 25 2012, 4:13 PM

MBS Live : MBS Afternoon Market Summary Bond markets walked in the door in stronger territory and promptly began a mild, yet determined ...

NEW MBS MID-DAY: Quietly Advancing To All-Time Highs On Slow Morning

Mon, Sep 24 2012, 11:18 AM

MBS Live : MBS Morning Market Summary It's been an exceptionally slow morning for US trading with the more meaningful movement seen over...

NEW The Week Ahead: Relatively Busy Week Of Data, Plus Treasury Auction And Month-End Trading

Mon, Sep 24 2012, 7:33 AM

You name it and this week has more of it. Compared to last week, which had very little by way of economic data, no Treasury auctions, and no major ...

NEW MBS RECAP: Quiet Grind To Best Ever Levels

Mon, Sep 24 2012, 4:43 PM

MBS Live : MBS Afternoon Market Summary Yet again, MBS traded in a remarkably narrow trading range given the all-time high price levels. Tre...

NEW MBS MID-DAY: More Directional Movement Today; New All-Time Highs

Fri, Sep 21 2012, 12:01 PM

MBS Live : MBS Morning Market Summary When Fannie 3.0s first started trading just under a year ago, they did so within a 1 point range of...

NEW The Day Ahead: Strangely Tame Week Ends With Tamest Calendar of Events

Fri, Sep 21 2012, 8:22 AM

In yesterday's MBS Recap , we noted a general repetition of the previous sessions trading patterns, volume, and volatility. In fact, each day this w...

NEW MBS RECAP: 2nd Friday In A Row With All-Time Highs

Fri, Sep 21 2012, 4:19 PM

MBS Live : MBS Afternoon Market Summary Production MBS--Fannie 3.0's in this case--hit all time highs for a 2nd Friday in a row, still ba...

NEW MBS MID-DAY: Holding Gains After Morning Volatility

Thu, Sep 20 2012, 11:53 AM

MBS Live : MBS Morning Market Summary Even if we can't be sure that today's trading will end up the same as yesterday's, it has at least b...

NEW The Day Ahead: Busiest Day Of Data And Fed Speakers Before Silent Friday

Thu, Sep 20 2012, 7:17 AM

Wednesday's data proved to be largely inconsequential, either because it wasn't what bond markets were interested in or simply because they were more...

NEW MBS RECAP: Generally A Repeat Performance Of Yesterday

Thu, Sep 20 2012, 4:29 PM

MBS Live : MBS Afternoon Market Summary With the arrival of slightly more important pieces of data and events, volume picked up slightly ...

NEW MBS MID-DAY: Rallying In Spite Of Data, In Concert With Other Markets

Wed, Sep 19 2012, 11:46 AM

MBS Live : MBS Morning Market Summary Volumes are finall y creepi ng higher than the eerily slow first two days of the week and things have...

NEW The Day Ahead: Economic Data Focuses On Housing, But Will Markets Focus On Data?

Wed, Sep 19 2012, 7:27 AM

To hear the story told by NAHB's index yesterday, the housing market is in the best shape since June 2006 --the major caveat being that sales EXPE...

NEW MBS RECAP: Further Gains Amid Another Uninspired Session

Wed, Sep 19 2012, 4:12 PM

MBS Live : MBS Afternoon Market Summary If we must be " drifting " at the moment, there are certainly worse ways to go about it. The curre...

NEW MBS MID-DAY: MBS Holding Gains In Fairly Narrow Range

Tue, Sep 18 2012, 11:50 AM

MBS Live : MBS Morning Market Summary While the overnight session saw increased volume and movement, the domestic session has been broadly ...

NEW The Day Ahead: Pace Quickens With Additional EU Data, Fed Speakers

Tue, Sep 18 2012, 7:57 AM

It's an admittedly light week in terms of domestic economic data. Not only are the reports few, but those we do get aren't the most urgent market m...

NEW MBS RECAP: Surprisingly Uneventful Session Leaves Prices Slightly Higher

Tue, Sep 18 2012, 4:29 PM

MBS Live : MBS Afternoon Market Summary It's still possible to count the number of days where Fannie 3.0s have closed over 104-00 without using t...

NEW MBS MID-DAY: Quiet Start To The Week, Trading Near Best Levels

Mon, Sep 17 2012, 11:37 AM

MBS Live : MBS Morning Market Summary Even with Japan out for the day and the Rosh Hashanah holiday, today still manages to feel slo...

NEW The Week Ahead: Limited Data, Lots Of Fed-Speak As Markets Continue Post-QE3 Trade

Mon, Sep 17 2012, 7:45 AM

Markets only had one day to digest the landmark QE3 announcement last week which saw the Fed roll out open-ended large scale purchases of newly or...

NEW MBS RECAP: Deceptively Quiet Session To Begin The Week

Mon, Sep 17 2012, 4:24 PM

MBS Live : MBS Afternoon Market Summary Looking over the calendar of events (and holidays) at home and abroad today, we were expecting things to ...

NEW MBS MID-DAY: Holding Ground After Morning Sell-Off

Fri, Sep 14 2012, 11:47 AM

MBS Live : MBS Morning Market Summary MBS briefly made new all time highs earlier this morning but rapidly backed off as bond markets sol...

NEW The Day Ahead: Basking In QE3 Afterglow, Enduring A Busy Morning Of Data

Fri, Sep 14 2012, 7:03 AM

After yesterday's massive QE3-inspired rally took production MBS to NEW ALL TIME HIGHS , it might seem a bit anticlimactic to wade through a relative...

NEW MBS RECAP: Major Sell-Off In And Of Itself, Yet Still Much Higher Than Before QE3

Fri, Sep 14 2012, 4:29 PM

MBS Live : MBS Afternoon Market Summary It was a heavy day of selling for Treasuries and only a slightly less heavy day of selling for MB...

NEW Differences Between Current And Previous FOMC Announcements

Thu, Sep 13 2012, 12:46 PM

Release Date: August 1, September 13, 2012 For immediate release Information received since the Federal Open Market Committee met in June ...

NEW MBS MID-DAY: Bond Markets Hunkered Down For FOMC Announcement At 12:30pm Eastern

Thu, Sep 13 2012, 11:28 AM

MBS Live : MBS Morning Market Summary The crowd has fallen silent well in advance of today's highly anticipated FOMC Announcement. Volum...

NEW The Day Ahead: Two Years After QE2, Will Today See The Announcement Of QE3?

Thu, Sep 13 2012, 7:25 AM

For many market watchers, mavens, talking-heads of all varieties, and even surveyed primary dealers, today's question isn't so much about WHETHER th...

NEW MBS Hit All-time Highs Following Fed QE3 Announcement

Thu, Sep 13 2012, 4:25 PM

MBS can't control their enthusiasm after the Fed announced MBS-Specific QE3 today , adding enough dedicated purchase money to the buy side each m...

NEW The Day Ahead: Digesting The German Court Vote, Auction Cycle Begins, Gearing Up For FOMC

Wed, Sep 12 2012, 12:37 AM

In terms of market-moving data, today we finally arrive at the first day of two most significant days of data and events since the last FOMC and ECB A...

NEW MBS MID-DAY: Steady At Weaker Levels Following German Court Decision

Wed, Sep 12 2012, 11:29 AM

MBS Live : MBS Morning Market Summary The entire shape of trading this morning seems to have been dictated by the German court decision , ...

NEW MBS RECAP: Over Before It Began

Wed, Sep 12 2012, 4:26 PM

MBS Live : MBS Afternoon Market Summary Bond markets simply languished sideways to slightly weaker today after walking in the door already ...

NEW MBS MID-DAY: On The Ropes Despite Lack Of Fundamental Motivation

Tue, Sep 11 2012, 11:40 AM

MBS Live : MBS Morning Market Summary MBS opened in slightly weaker territory but were still within yesterday's range. That range was actu...

NEW The Day Ahead: Good Dose Of European Data, First Major US Data, Auction Cycle Begins

Tue, Sep 11 2012, 7:33 AM

The week began fairly uneventfully yesterday as MBS essentially coasted sideways in a fairly narrow range, ultimately going out at similar levels to t...

NEW MBS RECAP: Choppy And Slightly Weaker Ahead Of Big Ticket Events

Tue, Sep 11 2012, 4:16 PM

MBS Live : MBS Afternoon Market Summary After hitting their best recent levels at the end of August, bond markets have simply been trending...

NEW MBS MID-DAY: Quietly Higher, Outperforming Treasuries

Mon, Sep 10 2012, 11:18 AM

MBS Live : MBS Morning Market Summary After opening in slightly weaker territory, MBS moved back into the green to the tune of 2-3 ticks in...

NEW The Week Ahead: Action Packed With FOMC, Auctions, And Data

Mon, Sep 10 2012, 8:14 AM

On August 24th, we shifted our attention, for the most part, to the first two weeks of September as an action-packed and informative period of major c...

NEW MBS RECAP: Some Late Day Redemption As MBS, Treasuries Get Back To Green

Mon, Sep 10 2012, 4:19 PM

MBS Live : MBS Afternoon Market Summary Stocks sold off roughly 10 points from their highs of the day and the "risk-off" environment ben...

NEW MBS MID-DAY: Inconsequential, Slow, Low-Volume Leakage

Fri, Sep 7 2012, 12:02 PM

MBS Live : MBS Morning Market Summary MBS and Treasuries' cups runneth over... Or perhaps their cups are leaking a bit after the headier m...

NEW The Day Ahead: All Eyes On NFP

Fri, Sep 7 2012, 7:50 AM

As far as NFP 's go (the " nonfarm payrolls " component of the Employment Situation Report ), today's is a big one for several reasons. Befor...

NEW MBS RECAP: Friday Afternoon, Post Payrolls Weakness Detracts From Facemelter

Fri, Sep 7 2012, 4:26 PM

MBS Live : MBS Afternoon Market Summary How Green Was My Rally? Apparently not as green as it was... This morning's gains took MBS into u...

NEW MBS MID-DAY: Already Down On Draghi and Data, Slightly Weaker During Fed Buyback

Thu, Sep 6 2012, 11:45 AM

MBS Live : MBS Morning Market Summary ECB Pres Mario Draghi generally delivered on what had been well-telegraphed policy changes in t...

NEW The Day Ahead: After Weeks Of Waiting, Things Get Serious

Thu, Sep 6 2012, 7:53 AM

In case you missed it, the ECB has been doing everything it can to telegraph today's policy changes. This began as early as late July's " London spee...

NEW MBS RECAP: Back To More Central Levels Ahead Of NFP

Thu, Sep 6 2012, 4:15 PM

MBS Live : MBS Afternoon Market Summary Despite the relatively larger movement in MBS prices today, the underlying market events weren't al...

NEW MBS MID-DAY: Sideways Grind Continues In Spite Of Data, Headlines

Wed, Sep 5 2012, 11:45 AM

MBS Live : MBS Morning Market Summary As we've seen so many times since the onset of Operation Twist, the daily scheduled Fed buying has ...

NEW The Day Ahead: Last Day Of The Week Without A Big Ticket Event

Wed, Sep 5 2012, 7:14 AM

Tuesday proved to be an interesting post-Labor Day Tuesday as bond markets ended the day fairly close to Friday's levels. Additionally, Treasuries ...

NEW MBS RECAP: Trading Ends Like It Began, Waiting For Something

Wed, Sep 5 2012, 4:24 PM

MBS Live : MBS Afternoon Market Summary No matter how many times and how vigorously we shake the magic 8-ball, it continues offering the mo...

NEW MBS MID-DAY: Fighting Back To Relatively Unchanged Levels Vs Friday

Tue, Sep 4 2012, 11:18 AM

MBS Live : MBS Morning Market Summary Bond markets opened in weaker territory this morning after ECB Pres Mario Draghi was quoted as saying ...

NEW MBS RECAP: Low Volume And Light Volatility

Tue, Sep 4 2012, 10:13 PM

MBS Live : MBS Afternoon Market Summary Markets were still shaking off some of the extended weekend today as volume was relatively low fo...

NEW The Week Ahead: Sparse But Potent Data Include ECB And Jobs Report

Tue, Sep 4 2012, 7:48 AM

The first week of September is here, and with it, the first salvo of the "big ticket events" that we've been waiting for since the rally that follow...

NEW MBS MID-DAY: Volatility Surrounding Bernanke Speech, Followed By Improvements

Fri, Aug 31 2012, 11:20 AM

MBS Live : MBS Morning Market Summary After some morning weakness, bond markets were able to get back to relative flatness heading into B...

NEW The Day Ahead: After A Sideways Week, Here's The First Chance For A Lead-Off

Fri, Aug 31 2012, 8:18 AM

The lead-off analogy is one that we've used many times to relate a relatively simple market phenomenon, just as the primary subject material is a re...