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...
Wed, May 30 2012, 11:21 PM
Wednesday was quite a day for bond markets--a record-setting day on many fronts. While we can appreciate that there are some claims that 10yr Yields ...
Wed, May 30 2012, 6:28 AM
Today's calendar of US economic data is the lightest of the week with Pending Home Sales the only monthly report. Other items dot the calendar, such ...
Wed, May 30 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
While "record levels" for MBS have been a relatively common occurrence in the past month as Fannie ...
Tue, May 29 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
It's been a relatively quiet and uneventful morning for bond markets so far. Rather than chase rall...
Tue, May 29 2012, 4:21 PM
MBS L ive : MBS Afternoon Market Summary
MBS prices fell fairly steadily into and after the 2pm hour, eventually bottoming out just below curr...
Mon, May 28 2012, 8:42 PM
As US markets were closed for Monday's Memorial Day Holiday, there was little fanfare out of European markets, even if there is a growing sense that S...
Fri, May 25 2012, 11:38 AM
MBS Live : MBS Morning Market Summary
Bond markets made a quick head fake in a weaker direction following the better-than-expected Consumer...
Fri, May 25 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
There's little to report outside the two words in the title. Today truly was an "uneventful session." ...
Thu, May 24 2012, 11:27 AM
MBS Live : MBS Morning Market Summary
There's not really much to today's weakness. It's moderate, it's steady, and it began yesterday. After hi...
Thu, May 24 2012, 11:10 PM
Yesterday morning, we suggested that markets might do something "sneaky" and make some sort of moderate movement seemingly tied to economic data when ...
Thu, May 24 2012, 7:52 AM
With very limited data and an early close on Friday, today will serve as the last trading day of the week in many regards. For starters, it's the l...
Thu, May 24 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
This morning, we suggested that markets are relatively out of trading ideas until the next big-tic...
Wed, May 23 2012, 11:38 AM
MBS Live : MBS Morning Market Summary
While it may have mostly run it's course by now, the morning has been dominated by big moves in several ...
Wed, May 23 2012, 4:08 PM
MBS Live : MBS Afternoon Market Summary
Once again bond markets came into the session at better levels achieved during overnight trading. In f...
Tue, May 22 2012, 11:28 AM
MBS Live : MBS Morning Market Summary
Bond markets continue trying to hold their ground so far this morning against what, thus far, looks t...
Tue, May 22 2012, 10:49 PM
As noted in the MBS RECAP, yesterday was basically spent bouncing back from overnight weakness. The weakness itself was somewhat frustrating in that ...
Tue, May 22 2012, 8:00 AM
Overnight volume leading into yesterday's session made it seem like it might turn out surprisingly strong, but Treasury trading around 4am New York ti...
Tue, May 22 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
MBS spent the day doing battle with weakness from the overnight session, and were certainly success...
Mon, May 21 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
With the passing of the 10:15-11:00am scheduled "Operation Twist" buying from the Fed, we now know w...
Mon, May 21 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Bo nd markets continued the process of leveling off after hitting their strongest levels on 5/17....
Sun, May 20 2012, 7:52 PM
The line-up of economic data in the week ahead is one of the lightest of the year. Monday is essentially data-free. The following two days of the we...
Fri, May 18 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
As the trading day progresses, things are shaping up to be increasingly uneventful even though MBS ar...
MBS Market Alerts
