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 ...
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...
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...
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...
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...
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 , ...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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 ...
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...
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 ...
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...
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...
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...
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...
Fri, Aug 31 2012, 4:36 PM
MBS Live : MBS Afternoon Market Summary
Today's tricky because the obvious focus had been Bernanke's Jackson Hole speech . So seeing a su...
Thu, Aug 30 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Lowest 10yr yield on 8/28 was 1.6147... Given that we generally characterize the current week as fl...
Thu, Aug 30 2012, 7:25 AM
Bond markets continued to give the impression that they're not eager to commit to any prolonged directional moves ahead of the series of events most...
Thu, Aug 30 2012, 4:30 PM
MBS Live : MBS Afternoon Market Summary
Thursday night and we've essentially seen the sidewa ys range established last Thursday hold up in...
Wed, Aug 29 2012, 11:35 AM
MBS Live : MBS Morning Market Summary
This morning has seen Q2 final GDP print +1.7 percent, as expected, as well as a better-than-expect...
Wed, Aug 29 2012, 7:54 AM
Occasionally, reality proves to sober the cynicism or concern in our analysis. Sometimes, events crop up that have an unexpectedly large impact on tr...
Wed, Aug 29 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
Volume increased today as headlines and data became more plentiful, but not necessarily because of ...
Tue, Aug 28 2012, 11:34 AM
MBS Live : MBS Morning Market Summary
Last week we noted the possibility that the current week could see a mostly sideways grind into the...
Tue, Aug 28 2012, 7:00 AM
While Monday technically contained a modicum of economic data in the form of the Chicago Fed's manufacturing index, the first potentially market-mov...
Tue, Aug 28 2012, 4:24 PM
MBS Live : MBS Afternoon Market Summary
The biggest story of the day was that there continue to be no big stories since last week's FOMC...
Mon, Aug 27 2012, 11:09 AM
MBS Live : MBS Morning Market Summary
The week is off to the slow and relatively sideways start as expected with much of the volume acc...
Mon, Aug 27 2012, 6:59 AM
The week ahead has potential to offer decent amounts of markets movement only to the extent that it's economic data and auctions deviate from expectat...
Mon, Aug 27 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Fri, Aug 24 2012, 11:36 AM
MBS Live : MBS Morning Market Summary
MBS enjoyed a fairly strong morning, rising to recent highs after a rather uneventful and moderatel...
Fri, Aug 24 2012, 8:27 AM
Another Friday and another opportunity for markets to "trade it out" rather than react to data and headlines. There's next to nothing on tap for th...
Fri, Aug 24 2012, 4:37 PM
MBS Live : MBS Afternoon Market Summary
While the namesake and the focus of our analysis is indeed MBS, we've often noted that 10yr Treasur...
Thu, Aug 23 2012, 11:19 AM
MBS Live : MBS Morning Market Summary
Essentially, the overnight session and morning trading have validated yesterday's post-FOMC Minutes...
Thu, Aug 23 2012, 7:10 AM
Wednesday's session gave us real reason to hope that the scariest endgame scenarios of the recent sell-off were just the boogie men we hoped they wo...
Thu, Aug 23 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
Long time readers of the commentary will know that we're not big fans of long term moving averages ...
Wed, Aug 22 2012, 11:53 AM
MBS Live : MBS Morning Market Summary
So bond markets are actually rallying... Yes, this seems like a long-forgotten concept, but a happy ...
Wed, Aug 22 2012, 8:07 AM
In yesterday morning's article, we discussed the recent consolidation of 10yr Treasury yields in the context of "Flag/Pennant" formations ( Read It ...
Wed, Aug 22 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Today was the day . It was the day when significant data returned to markets, when the technica...
Tue, Aug 21 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Somewhat disconcerting movement in bond markets this morning... The fact that we opened in weaker te...
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