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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: Head Faking A Post-Bernanke Rally To End Moderately Weaker

Tue, Jul 17 2012, 4:25 PM

MBS Live : MBS Afternoon Market Summary Although MBS and Treasuries began the day in slightly weaker territory, they both rallied during th...

NEW MBS MID-DAY: Quietly Hitting All Time Highs With Help From Europe, Data, Stocks

Mon, Jul 16 2012, 11:32 AM

MBS Live : MBS Morning Market Summary This morning's Retail Sales report clearly set the tone early for bond markets. MBS and Treasuries both p...

NEW The Week Ahead: Bernanke Testimony, Housing Data, And Europe

Mon, Jul 16 2012, 8:24 AM

After last week offered up few reasons to stray from the recent course for bond markets, the outlook of data and events in the week ahead is only marg...

NEW MBS RECAP: Low Volume, Flat Afternoon At All-Time Highs

Mon, Jul 16 2012, 4:23 PM

MBS Live : MBS Afternoon Market Summary The lion's share of today's volume and movement in bond markets was seen in the first few hours of ...

NEW MBS MID-DAY: Weaker Into Fed Buyback, Stronger Out

Fri, Jul 13 2012, 11:32 AM

MBS Live : MBS Morning Market Summary Make no mistake that this morning's economic data has been of little to no concern to bond markets wh...

NEW The Day Ahead: Data and Events Die Down As Week Ends

Fri, Jul 13 2012, 8:28 AM

Fannie 3.0s saw what was probably their single biggest day of new TBA originations yesterday. In the opening alert on MBS Live, we said: "For MBS, to...

NEW MBS RECAP: Slightly Weaker, But Support Kicks In Late

Fri, Jul 13 2012, 4:12 PM

MBS Live : MBS Afternoon Market Summary Friday turned out to be the choppiest day of the week for production MBS, but like all the others, ...

NEW MBS MID-DAY: Keeping Pace With Treasuries Surprisingly Well

Thu, Jul 12 2012, 11:25 AM

MBS Live : MBS Morning Market Summary After an early concentration of new MBS Origination Supply, things have leveled off a bit a nd MBS ...

NEW The Day Ahead: Economic Data At Home And Abroad, Last Auction Of The Week

Thu, Jul 12 2012, 8:03 AM

Thursday continues the theme of increased activity that arrived yesterday. In the overnight session, there's a decent offering of European data and ...

NEW MBS RECAP: Bumpy Take-Off But Airborne And Cruising In The Afternoon

Thu, Jul 12 2012, 4:12 PM

MBS Live : MBS Afternoon Market Summary Money flowed into both sides of the market today wi th Equities set to go out higher and bond ...

NEW MBS MID-DAY: Holding Narrow Ranges Ahead Of 10yr Auction, FOMC Minutes

Wed, Jul 11 2012, 11:34 AM

MBS Live : MBS Morning Market Summary The European session proved to be of little concern to domestic bond markets that seem largely content to h...

NEW The Day Ahead: Economic Data, Relevant Treasury Auctions, and FOMC Minutes All Arrive Together

Wed, Jul 11 2012, 7:02 AM

Tuesday saw yet another uneventful day for bond markets, though a positive one. MBS were a hot commodity and benefited greatly from light supply and ...

NEW MBS RECAP: Weaker Into The Close Despite Killer Auction. Just A Head Fake?

Wed, Jul 11 2012, 4:13 PM

MBS Live : MBS Afternoon Market Summary It's interesting and perhaps a bit frustrating that a day with so much potential to motivate markets...

NEW MBS MID-DAY: More All Time Highs On An Uneventful Trading Day

Tue, Jul 10 2012, 11:23 AM

MBS Live : MBS Morning Market Summary It's a bit counterintuitive to think that MBS hitting all-time highs can occur in an "uneventful" ...

NEW The Day Ahead: Another Slow Day On Tap, MBS Prices Will Drop About A Quarter Point

Tue, Jul 10 2012, 8:27 AM

An argument could have easily been made yesterday morning that bond markets should have weakened a bit ahead of the upcoming auction cycle and in the ...

NEW MBS RECAP: Two Days In A Row Of Low Volume Rallying

Tue, Jul 10 2012, 4:10 PM

MBS Live : MBS Afternoon Market Summary In more ways than one, Tuesday has turned out to be a carbon copy of Monday. Once again we have MB...

NEW MBS MID-DAY: Slow Morning, Narrow Range, But Holding Modest Gains

Mon, Jul 9 2012, 11:32 AM

MBS Live : MBS Morning Market Summary With essentially nothing on tap for the first two days of the week with the exception of more of the ...

NEW The Week Ahead: Treasury Auctions, FOMC Minutes, And Class A MBS Settlement

Mon, Jul 9 2012, 8:16 AM

The week begins with Europe in focus as ECB President Mario Draghi testifies before the European Parliament to explain current policy in the wake of l...

NEW MBS RECAP: Uneventful Session Deposits MBS At All-Tim Highs

Mon, Jul 9 2012, 4:21 PM

MBS Live : MBS Afternoon Market Summary One day before July Fannie/Freddie 30yr Fixed MBS are retired, production coupons hit new all time...

NEW MBS MID-DAY: Drifting Higher After Initial Payrolls Pop

Fri, Jul 6 2012, 11:19 AM

MBS L ive : MBS Morning Market Summary Naturally, bond markets popped quickly into stronger territory following the worse-than-expected ...

NEW The Day Ahead: Employment Situation Dominates The Calendar

Fri, Jul 6 2012, 8:10 AM

There were some decent clues in yesterday's session as to how various outcomes of today's Employment Situation Report will motivate trade. The bigges...

NEW MBS RECAP: Coasting Out At All Time Highs

Fri, Jul 6 2012, 4:15 PM

MBS Live : MBS Afternoon Market Summary Apart from the NFP miss in the morning, little else transpired today. There was a good bounce high...

NEW MBS MID-DAY: Slightly Stronger After Volatile Morning

Thu, Jul 5 2012, 11:18 AM

MBS Live : MBS Morning Market Summary MBS, like Treasuries, began the day in stronger territory, about 7 ticks higher than Tuesday's latest lev...

NEW The Day Ahead: Lots Of Economic Data Ahead Of NFP Friday

Thu, Jul 5 2012, 8:25 AM

After being closed for Independence Day yesterday, markets return to a packed schedule of economic data this morning including the week's first major ...

NEW MBS RECAP: Smooth Sailing After Stormy Morning

Thu, Jul 5 2012, 4:13 PM

MBS Live : MBS Afternoon Market Summary In considering the "stormy morning" referenced in the title of today's recap, it's important to kee...

NEW MBS MID-DAY: Risk-On Trading And Tradeflows Putting Pressure On Bond Markets

Tue, Jul 3 2012, 11:22 AM

MBS Live : MBS Morning Market Summary The stock market is leading the charge higher for the "risk-on" trade. This normally puts some pressure on...

NEW The Day Ahead: Limited Data And An Early Close For Bond Markets

Tue, Jul 3 2012, 7:33 AM

The first day of the week and month served up a timely reminder about the importance of domestic economic data in what might otherwise seem to be a ma...

NEW MBS RECAP: Minimal Losses Ahead Of Holiday

Tue, Jul 3 2012, 4:18 PM

MBS Live : MBS Afternoon Market Summary Today was one of those trading sessions that had a more "incidental" feel to it, or perhaps it woul...

NEW MBS MID-DAY: Steady In Stronger Territory Following ISM

Mon, Jul 2 2012, 11:12 AM

MBS Live : MBS Morning Market Summary The big story of the morning is the ugly ISM Manufacturing numbers. At 49.7, today's ISM Purchasing ...

NEW The Week Ahead: Closed For The 4th, Then Employment Data Galore

Mon, Jul 2 2012, 8:11 AM

The week ahead is fairly straightforward in that there are no EU Summits, no major European elections, no Fed Policy decisions, and nothing else major...

NEW MBS RECAP: Benefiting From Weak ISM, Tapering Off Late

Mon, Jul 2 2012, 4:21 PM

MBS Live : MBS Afternoon Market Summary Although MBS and Treasuries began the day in slightly better territory, the bulk of the gains were ...

NEW MBS MID-DAY: Bouncing Back From EU Summit Weakness

Fri, Jun 29 2012, 11:27 AM

MBS Live : MBS Morning Market Summary Bond markets opened up moderately weaker and moved to what could be considered significantly weaker territo...

NEW MBS RECAP: Holding Ground Impressively Despite Down Day

Fri, Jun 29 2012, 4:16 PM

MBS Live : MBS Afternoon Market Summary After the June 20 th FOMC Announcement failed to coax bond markets out of their horizontal range...

NEW MBS MID-DAY: Better Volume, Limited Volatility, Stronger Territory

Thu, Jun 28 2012, 11:16 AM

MBS Live : MBS Morning Market Summary The title basically covers it... We've definitely seen an uptick in volume today, not necessarily in...

NEW The Day Ahead: EU Summit Arrives, Data Increases, Bond Markets Face Decisions

Thu, Jun 28 2012, 7:49 AM

Yesterday, we surmised that markets had bigger fish to fry than meager Pending Home Sales and Durable Goods reports or even the afternoon's 5yr Auctio...

NEW MBS RECAP: Bond Markets To Any Lurking Guidance Givers: "Your Move!"

Thu, Jun 28 2012, 4:10 PM

MBS Live : MBS Afternoon Market Summary Bond markets made their move today... The trend of convergence and consolidation on bond markets that...

NEW MBS MID-DAY: Rain, Nor Sleet, Nor Upbeat Data Can Stop The Sideways

Wed, Jun 27 2012, 11:14 AM

MBS Live : MBS Morning Market Summary Bond markets are every bit as reliable as the USPS slogan today in their determination to avoid rock...

NEW The Day Ahead: Last Day Of Indecision Before Bond Markets Must Begin To Decide

Wed, Jun 27 2012, 8:00 AM

Bond markets moved modestly weaker yesterday, helped along mostly by a technical 'unwillingness' for benchmark 10yr Treasuries to venture under 1.60 o...

NEW MBS RECAP: Supportive Sideways Slide Gives Way To Afternoon Gains

Wed, Jun 27 2012, 4:14 PM

MBS Live : MBS Afternoon Market Summary Earlier this morning, bond markets were under fire as MBS and Treasuries were backed up to recently suppo...

NEW MBS MID-DAY: On-Again Off-Again Morning Leads To Greener Pastures

Tue, Jun 26 2012, 11:13 AM

MBS Live : MBS Morning Market Summary It was an on-again off-again morning for markets as a "risk-on" tone--at least to a small degree--coa...

NEW The Day Ahead: Additional Guidance For The General Malaise Keeping Yields Low

Tue, Jun 26 2012, 7:02 AM

The first day of the week got off to an exceedingly uneventful start, albeit a positive one for bond markets. Summit-weary markets stashed cash rathe...

NEW MBS RECAP: Short Term Volatility Despite Flat Long Term Range

Tue, Jun 26 2012, 4:09 PM

MBS Live : MBS Afternoon Market Summary On the standard issue 2-day charts, MBS and Treasuries look to have experienced a rather volatile d...

NEW MBS MID-DAY: Week Begins Slowly, Steadily, And Holding Gains

Mon, Jun 25 2012, 11:13 AM

MBS Live : MBS Morning Market Summary It's been a tremendously uneventful morning so far following a tremendously uneventful overnight sess...

NEW The Week Ahead: Treasury Auctions, Busier Data Calendar, And EU Summit

Mon, Jun 25 2012, 7:46 AM

Whereas last week was stone silent with the exception of big headline pops courtesy of the FOMC, the current week lacks any of those superstar perform...

NEW MBS RECAP: Extremely Quiet Trading Day Leaves MBS In The Green

Mon, Jun 25 2012, 4:14 PM

MBS Live : MBS Afternoon Market Summary It took MBS a while to hit their highs of the day, but when they did-much like 10yr Treasuries--the...

NEW MBS MID-DAY: Outperforming As Treasuries Head For Sidelines

Fri, Jun 22 2012, 11:21 AM

MBS Live : MBS Morning Market Summary For what seems like the first time in a long time, Treasuries are the noticeable underperformer today in th...

NEW The Day Ahead: Empty Domestic Calendar Leaves EU In Focus

Fri, Jun 22 2012, 8:21 AM

Markets spent the day bouncing back from post-FOMC trading levels to pre-FOMC trading levels yesterday, but encountered well-defined resistance to fur...

NEW MBS RECAP: Outperforming Treasuries, But Slightly Weaker Overall

Fri, Jun 22 2012, 5:20 PM

MBS Live : MBS Afternoon Market Summary Afternoon trading was similar to morning trading for Treasuries, combining for an entire session of gradu...

NEW MBS MID-DAY: Paradise Lost, Then Found The Next Day

Thu, Jun 21 2012, 11:18 AM

MBS Live : MBS Morning Market Summary Yesterday may have been disconcerting for some MBS market watchers in the sense that recently attained and ...

NEW The Day Ahead: First Economic Data Of The Week, Just In Time To Be Relevant

Thu, Jun 21 2012, 7:35 AM

Just like the last major policy communication from the Fed, yesterday's FOMC Announcement served not so much to "change the game" but instead to more ...