Thu, Jun 21 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Whether you want to chalk it up to the European markets dragging domestic markets down, vice vers...
Wed, Jun 20 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
Although MBS have outperformed Treasuries, and Treasuries have outperformed German Bunds , the latter ha...
Wed, Jun 20 2012, 8:15 AM
Today is stone silent with the exception of the FOMC-related events, which are not only the most significant events of the week, but of the month as w...
Wed, Jun 20 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
Although MBS initially looked set to take today's FOMC Announcement harder than treasuries, a more ...
Wed, Jun 20 2012, 2:16 PM
Just a few quick points of order and few charts to update the current situation. The alerts from MBS Live at 12:55pm and 1:12pm will be included in t...
Wed, Jun 20 2012, 1:02 PM
Information received since the Federal Open Market Committee met in March April suggests
that the economy has been expanding moderately. Labor ma...
Tue, Jun 19 2012, 11:32 AM
MBS L ive : MBS Morning Market Summary
Fannie 3.5's and 3.0's may not be quite into posit ive territory, but they're certainly perfor...
Tue, Jun 19 2012, 8:02 AM
In case anyone or anything needed to reemphasize the extent to which Wednesday's FOMC events dominate this week, take yesterday's trading for example....
Tue, Jun 19 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
After having to cope with getting pushed gradually wider in yield vs Treasuries, MBS had a chance t...
Mon, Jun 18 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
As can be noted in the live updates below, bo nd markets have been working out their response to th...
Mon, Jun 18 2012, 8:06 AM
Greek elections over the weekend yielded the less dramatic result of a victory for pro-bailout conservatives. This is ostensibly a good thing for the...
Mon, Jun 18 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
With the exception of a few outlying trades, MBS traded an insanely narrow range today (between 105-0...
Fri, Jun 15 2012, 11:37 AM
MBS Live : MBS Morning Market Summary
A similar theme is playing out this morning where we find 10yr TSYs digging into the 1.5's and MBS havin...
Fri, Jun 15 2012, 8:33 AM
A few weeks back, we very reluctantly capitulated to conformity and used the term "Grexit" one time (potential Greece Euro-zone exit). It felt wrong....
Fri, Jun 15 2012, 5:18 PM
MBS Live : MBS Afternoon Market Summary
The most recent alert at 1:32pm effectively serves as the recap. So this is more of a recap of the...
Thu, Jun 14 2012, 11:15 AM
MBS Live : MBS Morning Market Summary
The morning's data was mostly ignored, save for the short-lived initial bond market rally. Everythin...
Thu, Jun 14 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
Not too much to say about what's going on here... In the longer term, trading ranges have been con...
Thu, Jun 14 2012, 2:50 PM
Benchmark TSYs and rate sheet influential TBAs are continuing their consolidative
ways today.
I describe this behavior as the market " stori...
Wed, Jun 13 2012, 11:55 AM
MBS Live : MBS Morning Market Summary
Bond markets walked in the door in moderately weaker territory today, but firmed up following weaker...
Wed, Jun 13 2012, 8:26 AM
After the first two days of the week offered very little by way of data and events--a mostly uneventful 3yr Note Auction and a similarly unimportant I...
Wed, Jun 13 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
Today was really Treasuries' time to shine. Even in the overnight session, 10's were doing much b...
Tue, Jun 12 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
Bad, Worse, Worst... That's how we'd characterize today's price action in MBS, Treasuries, and German Bu...
Tue, Jun 12 2012, 7:27 AM
Monday's economic calendar was completely blank, leaving markets to do what they likely would have done anyway, which was to trade the Spanish bailout...
Tue, Jun 12 2012, 4:41 PM
MBS Live : MBS Afternoon Market Summary
Today had a very "weird" feel to it, for lack of a better term. A lot of the price action, in Trea...
Mon, Jun 11 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
Risk markets loved the news of the weekend Spanish bailout in the first few, low volume hours of the ...
Mon, Jun 11 2012, 7:57 AM
Bond markets are off to a significantly weaker start in Asian trading hours after Eurozone officials held a scheduled conference call on Saturday to d...
Mon, Jun 11 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
After the first few hours of global trading this morning, we observed the 10yr yields trading in th...
Fri, Jun 8 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
MBS and Treasuries came into today's domestic session in relatively stronger territory thanks to Euro...
Fri, Jun 8 2012, 7:03 AM
Each of Friday's scheduled events ostensibly have less market moving potency than yesterday's Bernanke testimony. We can't really confirm that po...
Fri, Jun 8 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
The day began well for bond markets for reasons that often lead to bonds doing well, namely that
...
Thu, Jun 7 2012, 12:13 AM
A bit of a break from the recent norm today as the primary market-moving event is relatively clear and actually occurs during the domestic session. T...
Thu, Jun 7 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
We've reached the focal point of the day in the form of the question and answer session from Bernanke...
Thu, Jun 7 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
Markets pretty much got no more and no less than they expected from the Fed Chairman today, and trading ...
Wed, Jun 6 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
As can be seen in the alerts below, bond markets initially improved during ECB Pres Mario Draghi's pr...
Wed, Jun 6 2012, 8:23 AM
While the day ahead does indeed include a greater number of Fed speakers--all of whom are FOMC voters and speaking mostly during open market hours (y'...
Wed, Jun 6 2012, 4:40 PM
MBS Live : MBS Afternoon Market Summary
Despite a hefty dose of volatility, it could be worse for MBS... They could have been Treasuries to...
Wed, Jun 6 2012, 2:31 PM
The impressive rally in the bond markets has pushed the 10-year yield to all-time lows, and MBS prices to record high levels. Front-month prices of F...
Tue, Jun 5 2012, 11:28 AM
MBS Live : MBS Morning Market Summary
It's a "tale of two pivots" so far today for MBS and Treasuries alike. 10's have bounced incessantly...
Tue, Jun 5 2012, 7:56 AM
Monday was relatively frustrating in the sense that MBS markets were moving--mostly down--and without the normal level of correlation to news/data and...
Tue, Jun 5 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
With the exception of some late-day, low volume leakage in Treasuries, both they and MBS put in the...
Mon, Jun 4 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
Bond markets opened in relatively weaker territory, but have been chopping around in a mostly sideways, but...
Mon, Jun 4 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
MBS faced challenges on both sides of the coin today, and all things considered, held their ground fairly...
Sun, Jun 3 2012, 5:06 PM
This week's calendar is an almost perfect complement to Friday's mega rally on the weak Jobs report. As we said heading into Friday (read it here ),...
Fri, Jun 1 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
All things considered, there really hasn't been too much of a knee jerk reaction to this morning's jo...
Fri, Jun 1 2012, 9:48 AM
Normally, the recap of the morning's economic data comes out in the MBS Mid-Day commentary shortly after 11am, and while most of the data below will ...
Fri, Jun 1 2012, 8:07 AM
If the two key considerations for bond markets these days are Europe and FOMC Policy, and if the first three days of the week favored one over the oth...
Fri, Jun 1 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
Today was the day we'd reserved for paying attention to domestic economic data in lieu of all the E...
Thu, May 31 2012, 11:41 AM
MBS Live : MBS Morning Market Summary
Rather than stand out as one of those examples of "a major headline event causing a major, sudden shift" i...
Thu, May 31 2012, 4:36 PM
MBS Live : MBS Afternoon Market Summary
In an earlier alert at 2:02pm, we postulated that the rest of the trading day may be some sort of ...
Wed, May 30 2012, 11:26 AM
MBS Live: MBS Morning Market Summary MBS and, to a greater extent, Treasuries have been off to the races this morning where the latter is currently t...
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