Thu, Apr 26 2012, 7:40 AM
Although it's a net positive to see MBS and Treasuries hold their ground at recent levels following yesterday's FOMC events, it does complicate things...
Thu, Apr 26 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
By the time all is said and done today, both MBS and Treasuries are heading toward 5pm roughly in l...
Thu, Apr 26 2012, 2:57 PM
While servicing valuations and the various adjusters are the most obvious factors impacting loan execution and pricing, the price spread between diffe...
Wed, Apr 25 2012, 12:41 PM
subtractions in red and struck-through, additions in green and underlined...
Information received since the Federal Open Market Committee met in ...
Wed, Apr 25 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
Bond markets, including MBS, opened in weaker territory this morning and continued losing ground in spite o...
Wed, Apr 25 2012, 8:24 AM
At last, FOMC Day arrives. .. We've been waiting for this one--and less than patiently... Two and a half weeks ago, we went into the NFP weekend wit...
Wed, Apr 25 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
Clearly, the whipsaw movements in MBS and Treasuries are readily apparent in the 2 day minute-to-mi...
Tue, Apr 24 2012, 11:19 AM
MBS Live : MBS Morning Market Summary
After yesterday proved to be mostly dead, both in terms of volume and volatility, today brings slight...
Tue, Apr 24 2012, 7:47 AM
After yesterday's quiet session, bond markets strengthened during Asian trading hours only to move weaker when Europe got involved. Neither of the mo...
Tue, Apr 24 2012, 4:27 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Mon, Apr 23 2012, 11:33 AM
MBS Live : MBS Morning Market Summary
So far, the morning has been as uneventful as expected with no scheduled data or events on the domest...
Mon, Apr 23 2012, 4:09 PM
MBS Live : MBS Afternoon Market Summary
Today was really more of an extension of the previous week than the beginning of a new one. Schedu...
Mon, Apr 23 2012, 1:09 AM
After two excruciatingly slow, sideways weeks, markets will finally get what they've ostensibly been waiting for: Wednesday's FOMC Announcement. This...
Fri, Apr 20 2012, 11:17 AM
MBS Live : MBS Morning Market Summary
Although we threw a Hail Mary pass in the hopes of getting saved by Murphy's Law, bond markets have ...
Fri, Apr 20 2012, 7:32 AM
Here we are at the end of a week that might as well have not begun. At least in terms of offering any meaningful reasons for tuning in to bond market...
Fri, Apr 20 2012, 4:10 PM
MBS Live: MBS Afternoon Market Summary Wow... This is now officially a record breaking week. We'll need to do some more digging in order to determi...
Thu, Apr 19 2012, 11:13 AM
MBS Live : MBS Morning Market Summary
The first highs of the morning remain intact for MBS as do the first lows of the morning for TSY yields. ...
Thu, Apr 19 2012, 7:36 AM
A theme is developing... It's the one where we question the need for market analysis on a week that has, thus far, behaved as expected to an unexpect...
Thu, Apr 19 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
Regardless of which scene in Monty Python's Holy Grail you prefer, there's no doubt that the recent...
Wed, Apr 18 2012, 12:22 PM
Last week, I wrote about specified pool trading and how originators need to take advantage of pay-up opportunities by selling their production int...
Wed, Apr 18 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
Even
from afar, today showed promise as having the potential to be "mostly
dead" in terms of market...
Wed, Apr 18 2012, 8:20 AM
Given that the massive stock rally and plethora of earnings reports did little to motivate bond market movements on Tuesday, we're not looking at toda...
Wed, Apr 18 2012, 4:26 PM
MBS Live : MBS Afternoon Market Summary
The great sideways grind continued for bond markets today with 3pm marks for 10yr Treasuries not ev...
Tue, Apr 17 2012, 11:25 AM
MBS Live : MBS Morning Market Summary
Bond markets, including MBS are generally weaker today vs yesterday but MBS and Treasuries have both ...
Tue, Apr 17 2012, 7:49 AM
The New York Fed's Empire State Manufacturing Index is by no means an inconsequential report, but even the big miss it experienced yesterday isn't suf...
Tue, Apr 17 2012, 4:37 PM
MBS Live : MBS Afternoon Market Summary
Two days in and the week continues to live up to its uninspiring expectations. Having made it to stronge...
Mon, Apr 16 2012, 11:19 AM
MBS L ive : MBS Morning Market Summary
If the Euro-zone periphery scares you (read: Spanish 10yr yields over 6%), where do you flee to s...
Mon, Apr 16 2012, 8:25 AM
To put things in perspective, 3 individual days from the penultimate trading week (the one with FOMC Minutes and NFP) each had trading ranges wider th...
Mon, Apr 16 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
Despite stronger-than-expected Retail Sales figures, bo nd markets ratcheted another notch into positiv...
Fri, Apr 13 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
First Asia, then Europe, and now the Domestic session... All three have had moderately positive impa...
Fri, Apr 13 2012, 8:27 AM
Thursday was an odd day for markets. At several points in the day, bond markets reversed course and headed the other direction with less-than-insigni...
Fri, Apr 13 2012, 4:28 PM
MBS Live : MBS Afternoon Market Summary
There's little else to say beyond what's said in the most recent update at 1:43pm below. With a lo...
Thu, Apr 12 2012, 12:03 AM
There may be some sort of pattern developing here... In terms of volume and volatility, Monday's domestic session was dead, or perhaps undead. Yes, ...
Thu, Apr 12 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
As mentioned in the alerts below, bond yields and stock prices moved in tandem with a high degree of ...
Thu, Apr 12 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
"It's been a weird, choppy, and inconsistent trading day." That assessment from the most recent ale...
Wed, Apr 11 2012, 11:12 AM
MBS Live : MBS Morning Market Summary
Granted there are still two hours left between now and the 10yr Treasury Auction, but so far today, b...
Wed, Apr 11 2012, 10:48 AM
Last week's head-fake selloff and subsequent rally have
put MBS prices back in sight of their early-February (and all-time) highs. This in turn has ...
Wed, Apr 11 2012, 8:23 AM
Several instances of Fed-Speak fell on deaf ears Tuesday as did any directional suggestions made by scheduled data and events. Markets were set up to...
Wed, Apr 11 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
Flat, flavorless, and boring all day long... Today's only action occurred in the overnight session...
Tue, Apr 10 2012, 12:24 AM
Yesterday, we brushed up a bit on the differences between technical and fundamental analysis . That's probably worth revisiting considering that yes...
Tue, Apr 10 2012, 11:30 AM
MBS Live : MBS Morning Market Summary
As European markets continue to weaken into their close, bond markets continue to benefit from that f...
Tue, Apr 10 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
Although 10yr Treasuries were up more than half a point in price today (down 6bps in yield to 1.98's...
Mon, Apr 9 2012, 11:10 AM
MBS Live : MBS Morning Market Summary
Things have been quiet so far this morning, both in terms of volume and volatility. We've seen just ...
Mon, Apr 9 2012, 7:58 AM
With last week's FOMC Minutes out of the way on Tuesday, markets shifted gears into the last 3 days of the week--more interested in domestic economi...
Mon, Apr 9 2012, 4:11 PM
MBS Live : MBS Afternoon Market Summary
It might seem a bit counterintuitive in this age of sophisticated technology that an absence of...
Fri, Apr 6 2012, 11:45 AM
MBS Live : MBS Morning Market Summary
How many "wow's" can 1 month hold? In less than 30 day's, we've seen MBS drop abruptly to 4 month lo...
Thu, Apr 5 2012, 11:55 PM
Today's NFP has been looking less and less exciting over the past two days as bond markets have put in back to back winning sessions, both of them i...
Thu, Apr 5 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
The bulk of today's 'excitement,' if you can call it that, was really seen during the overnight hours...
Thu, Apr 5 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Today's trading levels couldn't have been more boring after the relative excitement of waking up to sl...
Wed, Apr 4 2012, 11:54 PM
In yesterday's morning post, we noted that the ADP data would have to confirm further bearishness in order for Tuesday's lows to get a test of weaker ...
MBS Market Alerts
