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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 MBS RECAP: 3 Charts To Guard Against Complacency In An Uncertain Rate Environment

Wed, Aug 8 2012, 4:15 PM

MBS Live : MBS Afternoon Market Summary Today may turn out to be one of the last few bits of weakness before bond markets finally put their fo...

NEW MBS MID-DAY: Weaker Trend Continues Forcefully After Day Off Monday

Tue, Aug 7 2012, 11:20 AM

MBS Live : MBS Morning Market Summary Market participants as well as the trends in trading levels all to ok the day of yesterday, but at...

NEW The Day Ahead: Perhaps Only Slightly More Active Than Monday

Tue, Aug 7 2012, 6:07 AM

Monday's volume was as light as it's been since early April. Markets took a breather following the intense events on the last three days of the previ...

NEW MBS RECAP: Either A Great Head-Fake Or The Beginning Of A Shift

Tue, Aug 7 2012, 4:25 PM

MBS Live : MBS Afternoon Market Summary Bond markets were increasingly punished during the late overnight session as Europe essentially sen...

NEW MBS MID-DAY: Quiet Start To The Week, As Expected

Mon, Aug 6 2012, 11:37 AM

MBS Live : MBS Morning Market Summary It's completely dead out there. Sometimes we see days/weeks like this ahead on the calendar and can ...

NEW The Week Ahead: A Relative Ghost Town Of Data And Events

Mon, Aug 6 2012, 8:20 AM

Compared to last week, which boasted several major central bank policy announcements and the jobs report, the week ahead is a relative ghost town in t...

NEW MBS RECAP: As Uneventful As Expected, Holding Inside Friday's Range

Mon, Aug 6 2012, 4:21 PM

MBS Live : MBS Afternoon Market Summary "Inside Day" is a term that is occasionally used to denote market movement that is relatively more ...

NEW The Day Ahead: Will Employment Situation Report Succeed Where Central Banks Failed?

Fri, Aug 3 2012, 12:16 AM

Central banks have failed to incite lasting motivation for bond markets to abandon their low, sideways depression. Mario Draghi's comments about doin...

NEW MBS MID-DAY: At The Weakest Levels Of The Week On NFP, EFSF News

Fri, Aug 3 2012, 11:36 AM

MBS Live : MBS Morning Market Summary There are clearly visible players as well as 'behind the scenes' players involved in a rather brisk s...

NEW MBS RECAP: Fairly Big Sell-Off On NFP And EFSF Repo News

Fri, Aug 3 2012, 4:31 PM

MBS Live : MBS Afternoon Market Summary Relative to the past two months of relatively tame day-over-day movement and relatively light vol...

NEW MBS MID-DAY: Draghi Fires Blanks, Bond Markets Rally

Thu, Aug 2 2012, 11:23 AM

MBS Live : MBS Morning Market Summary A week after ECB President Mario Draghi's strongly worded rhetoric prompted a rally in the Euro and ...

NEW The Day Ahead: Most Important News Will Be In Before The Open

Thu, Aug 2 2012, 7:34 AM

After Wednesday's FOMC Announcement failed to motivate markets much, the onus falls even more clearly on today's ECB announcement. This was already p...

NEW MBS RECAP: FOMC And ECB Cancel Each Other Out, Just In Time For NFP

Thu, Aug 2 2012, 4:25 PM

MBS Live : MBS Afternoon Market Summary Today's ECB headlines lived up to their potential at least in one way: they created volume and vola...

NEW MBS MID-DAY: Support Holds At Lows. Something About 2:15pm?

Wed, Aug 1 2012, 11:27 AM

MBS Live : MBS Morning Market Summary By now, we hope it's been mentioned enough that we're all on the same page about markets in general,...

NEW The Day Ahead: Data Continues But FOMC Announcement Is The Focus

Wed, Aug 1 2012, 8:20 AM

Coming off two positive days in a row to begin the week in bond markets, things get a bit more serious today. Whereas Monday and Tuesday could have j...

NEW MBS RECAP: FOMC Out Of The Way, Markets Free To Focus On ECB

Wed, Aug 1 2012, 4:12 PM

MBS Live : MBS Afternoon Market Summary As far as FOMC Announcements go, today saw a much lighter than normal volume and volatility. Trading r...

NEW Differences Between Current And Previous FOMC Announcements

Wed, Aug 1 2012, 2:19 PM

Information received since the Federal Open Market Committee met in April June suggests that economic activity decelerated somewhat over the eco...

NEW MBS MID-DAY: Relentless Flat After Improving Overnight

Tue, Jul 31 2012, 11:22 AM

MBS Live : MBS Morning Market Summary As has been the case many times in recent memory, the majority of today's day-over-day change took p...

NEW The Day Ahead: Data Deluge And FOMC Meeting Begin

Tue, Jul 31 2012, 7:56 AM

Markets are not shy about the fact that the week begins in earnest today. Both at home and abroad, we see the highest concentration of economic data ...

NEW MBS RECAP: What A Difference Two Days Make

Tue, Jul 31 2012, 4:28 PM

MBS Live : MBS Afternoon Market Summary Last Thursday and Friday were bad for MBS. The rest of the week up to that point was good. In fac...

NEW MBS MID-DAY: A Moderate Amount Of Friday's Losses Regained

Mon, Jul 30 2012, 11:18 AM

MBS Live : MBS Morning Market Summary There's definitely a more even-keeled tone about today's trading vs Friday's, when the big news hit ...

NEW The Week Ahead: One Of the Most Action-Packed And Important Weeks Of The Year

Mon, Jul 30 2012, 8:32 AM

This is it! The week where the fate of the world is decided! If your first thought upon reading that was to be skeptical, you're on the right track....

NEW MBS RECAP: Healthy Bounce Back After Friday's Losses

Mon, Jul 30 2012, 4:16 PM

MBS Live : MBS Afternoon Market Summary Standing as the starting point for a week that promises a chance volatility and big moves, today wa...

NEW MBS MID-DAY: On The Ropes This Morning, But May Be Some Fight Left

Fri, Jul 27 2012, 11:21 AM

MBS Live : MBS Morning Market Summary MBS and Treasuries are thus far doing an admirable job of holding their ground against what has been ...

NEW The Day Ahead: US GDP Is A Relatively Smaller Gorilla Than FOMC, ECB

Fri, Jul 27 2012, 7:55 AM

In many ways, the most exciting thing about today could be that it's the last day to get out of the way before getting to FOMC week. Despite the oste...

NEW Mortgage Rates Significantly Higher Relative To Previous Stability

Fri, Jul 27 2012, 4:45 PM

Mortgage Rates moved sharply higher today after markets received additional indications that the European Central Bank, or "ECB," is intent on doing ...

NEW MBS RECAP: Careful! Draghi Punches Twice!

Fri, Jul 27 2012, 4:41 PM

MBS Live : MBS Afternoon Market Summary ECB Pres Mario Draghi was the subject of our discussion yesterday afternoon after his impassioned speech ...

NEW MBS MID-DAY: Coping With Volatility After Moderate Dose Of Overnight Weakness

Thu, Jul 26 2012, 11:18 AM

MBS Live : MBS Morning Market Summary As noted in the morning alert below, the crux of this morning's weakness is attributable to ECB Pres...

NEW The Day Ahead: Economic Calendar Continues Building As Auctions End

Thu, Jul 26 2012, 8:35 AM

Wednesday turned out to be the tamest day of the week for bond markets as production MBS not only traded inside Tuesday's range, but Monday's as well....

NEW MBS RECAP: Tough Talk From Draghi Meets Strong Domestic Data. Next!

Thu, Jul 26 2012, 4:26 PM

MBS Live : MBS Afternoon Market Summary Bond markets were utterly deprived of excitement in the overnight session until ECB Pres Mario Drag...

NEW MBS MID-DAY: Steadily Improved From Earlier Weakness

Wed, Jul 25 2012, 11:16 AM

MBS Live : MBS Morning Market Summary Once again, European markets set the stage for a weaker start to the day for MBS and Treasuries. Th...

NEW The Day Ahead: Light Calendar In General, But More Important Auction

Wed, Jul 25 2012, 8:42 AM

It's all well and good to talk about the economic calendar or the Treasury auction cycle as if it were some bygone era where such things had the same ...

NEW MBS RECAP: Repeat Of Tuesday As Bond Markets Trudge Back From AM Weakness

Wed, Jul 25 2012, 4:12 PM

MBS Live : MBS Afternoon Market Summary Things were looking slightly risky earlier today. Bond markets were weaker overnight on Euro bulli...

NEW MBS MID-DAY: 7/24/2012

Tue, Jul 24 2012, 11:34 AM

MBS Live : MBS Morning Market Summary Treasuries traded weaker overnight as German Bunds took a major hit from the Moody's downgrade war...

NEW The Day Ahead: Data Continues, Auctions Begin, Europe Still In Focus

Tue, Jul 24 2012, 8:17 AM

To do anything other than to credit Europe with the bulk of this week's market-moving potential looks increasingly like folly. Domestic events were o...

NEW MBS RECAP: Well-Fought Battle Back From Morning Weakness

Tue, Jul 24 2012, 4:27 PM

MBS Live : MBS Afternoon Market Summary Treasury yields were higher overnight in response to general upward from German Bunds after Moody's pu...

NEW MBS MID-DAY: Backing Off Slightly From All Time Highs

Mon, Jul 23 2012, 11:13 AM

MBS Live : MBS Morning Market Summary MBS and Treasuries both hit their all-time strongest levels early this morning with 10's dipping to ...

NEW The Week Ahead: Relatively Docile Economic Calendar Leaves Europe In Focus

Mon, Jul 23 2012, 8:32 AM

10yr yields moved to new all-time lows overnight as the slow-motion train wreck in Europe continues to unfold. The Spanish region of Murcia becomes t...

NEW MBS RECAP: Closing At All Time Highs Despite Afternoon Losses

Mon, Jul 23 2012, 4:15 PM

MBS Live : MBS Afternoon Market Summary MBS are on track to close at all-time highs in terms after hitting new intraday highs this morni...

NEW MBS MID-DAY: What A Difference A Spanish Bailout Conference Call Makes

Fri, Jul 20 2012, 11:50 AM

MBS Live : MBS Morning Market Summary In one short day, domestic bond markets have gone from threatening to bounce higher in yield to confi...

NEW The Day Ahead: Silent Data Calendar Leaves Corporate Earnings, Eurozone In Focus

Fri, Jul 20 2012, 8:06 AM

Bond markets seemed to face an uphill battle from the outset on Thursday. Treasuries closely followed German Bunds in the overnight session and came ...

NEW MBS RECAP: Where No MBS Have Gone Before

Fri, Jul 20 2012, 4:29 PM

MBS Live : MBS Afternoon Market Summary MBS rose boldly into previously unexplored territory today as Fannie 3.0's spent more than just a...

NEW MBS MID-DAY: Weak Economic Data Offsets European Influences

Thu, Jul 19 2012, 11:21 AM

MBS Live : MBS Morning Market Summary Certainly German Bunds are on the watch-list for US Treasuries after the former hit new record low...

NEW The Day Ahead: Philly Fed Index And Potential Euro-Headlines

Thu, Jul 19 2012, 8:30 AM

Yesterday, we noted that the morning's economic data was highly unlikely to move markets and that Bernanke's 2nd round of Congressional testimony was ...

NEW MBS RECAP: Holding Gains Despite Ongoing Treasury Correction

Thu, Jul 19 2012, 4:11 PM

MBS Live : MBS Afternoon Market Summary MBS have really put on an impressive display of 'ground-holding' in that they've maintained Fannie 3.0...

NEW MBS MID-DAY: Steady Near Highs As Bernanke Answers Questions

Wed, Jul 18 2012, 11:44 AM

MBS Live : MBS Morning Market Summary Very little has changed today vs yesterday with respect to the general flow of data and events. In b...

NEW The Day Ahead: Lightning Bolts, Lottery Tickets, And Improbable Basketball Shots

Wed, Jul 18 2012, 8:26 AM

From a technical standpoint, bond markets are playing a dangerous game at the moment. We'll consider this dangerous game for a moment against the bac...

NEW MBS RECAP: Another Stunningly Casual Visit To All Time Highs

Wed, Jul 18 2012, 4:29 PM

MBS Live : MBS Afternoon Market Summary The tone for bond markets today was largely set by the general drift lower in German Bund yields to...

NEW MBS MID-DAY: Holding Near Unchanged Levels As Bernanke Answers Questions

Tue, Jul 17 2012, 11:22 AM

MBS Live : MBS Morning Market Summary The morning's economic data was largely uneventful, as expected. Focus has been and continues to be...

NEW The Day Ahead: Bernanke's Semi-Annual Report To Congress Trumps Econ Data

Tue, Jul 17 2012, 6:58 AM

10yr yields hit all time lows yesterday and production MBS hit all time highs. But rather than forging ahead into new all time lows, 10yr yields (we'...