Fri, Jan 8 2010, 8:04 AM
The bond market has opened weaker ahead of jobs data...here is a screen shot of my matrix. I covered up the MBS yields because I do not like Reuter's ...
Thu, Jan 7 2010, 11:27 AM
Wed, Jan 6 2010, 12:45 PM
The result of the BEAR STEEPENER today has been plummeting "rate sheet influential" MBS prices and REPRICES FOR THE WORSE from lenders. Just like the ...
Wed, Jan 6 2010, 10:30 AM
Wed, Jan 6 2010, 8:20 AM
The mortgage market is starting slow again today. Given the above forecast for a narrowing range in TSY yields/prices...we would expect to see a simil...
Tue, Jan 5 2010, 11:51 AM
Bonds had opened better and traded well BEFORE the data, and current price levels are neither much better or worse than they were when the data hit.
...
Tue, Jan 5 2010, 9:14 AM
In the US, the S&P is flat, -0.1% at 1131.88, the Dow is -0.32% at 10550 and the NASDAQ is -0.26% at 2302. The 3.375 coupon bearing 10yr TSY note is +...
Tue, Jan 5 2010, 4:01 PM
The question we were looking to address when the new year began was: WERE HIGHER RATES IN DECEMBER A FUNCTION OF SEASONAL INFLUENCES or DID THE 'BIG P...
Mon, Jan 4 2010, 10:35 AM
Thu, Dec 31 2009, 12:12 PM
Thu, Dec 31 2009, 9:33 AM
Rates sold off following the release of jobless claims (which I need to dig deeper into). While many will take this data as an indication of good thin...
Thu, Dec 31 2009, 2:30 PM
Wed, Dec 30 2009, 10:57 AM
In the mortgage market, yesterday's late afternoon rally has extended over into today' session. "Rate sheet influential" MBS prices are have ventured ...
Wed, Dec 30 2009, 4:56 PM
Wed, Dec 30 2009, 1:05 PM
The Treasury has successfully auctioned $32 billion 7 year notes. As always, we expect volatility post-auction. After profit-taking weakened MBS this...
Tue, Dec 29 2009, 9:41 AM
The S&P/Case-Shiller Home Price Index has been released. The 20 city home price index was +0.00% in October. Worse than estimates of +0.2%.On a year o...
Tue, Dec 29 2009, 4:32 PM
Tue, Dec 29 2009, 1:07 PM
Mon, Dec 28 2009, 10:40 AM
While "real money" (indirect at least) will most likely be the main source of a supportive bid in TSYs this week, the majority of market participants ...
Mon, Dec 28 2009, 5:15 PM
Mon, Dec 28 2009, 1:07 PM
Treasury has just auctioned $44 billion 2 yr notes. The high yield was slightly above the 1pm current market bid ("when issued"), stopping out at 1.08...
Thu, Dec 24 2009, 9:44 AM
Thu, Dec 24 2009, 2:12 PM
Wed, Dec 23 2009, 11:34 AM
Oh...and by the way. "Rate sheet influential" MBS prices are FALLING FAST!
The FN 4.0 is now +0-06 at 97-04 yielding 4.273% and the FN 4.5 is +0-06 a...
Wed, Dec 23 2009, 8:38 AM
In VERY VERY light overnight trading, the 3.375% semi-annual coupon paying 10yr TSY note moved higher in price and lower in yield. Rates were mostly ...
Wed, Dec 23 2009, 5:18 PM
Wed, Dec 23 2009, 4:09 PM
Wed, Dec 23 2009, 2:04 PM
Tue, Dec 22 2009, 12:24 PM
Tue, Dec 22 2009, 10:05 AM
The rates market is extending early session losses thanks to a better than expected Existing Home Sales print.
The 3.375 coupon bearing 10yr TSY no...
Tue, Dec 22 2009, 9:00 AM
Tue, Dec 22 2009, 4:51 PM
Two days... Two catastrophic beatings for bonds. And I keep looking up at the stock chart and it still looks like the top of Bart Simpson's head... ...
Tue, Dec 22 2009, 3:42 PM
Mon, Dec 21 2009, 11:52 AM
Mon, Dec 21 2009, 9:49 AM
Most borrowers have already locked in and many have actually already closed. Who wants to deal with a loan closing at this time of year? My main goa...
Mon, Dec 21 2009, 5:32 PM
Mon, Dec 21 2009, 3:54 PM
Mon, Dec 21 2009, 1:59 PM
Rate sheet rebate is worse. I am watching the market but I am not really too focused on it to be honest. More or less I have decided to use this time ...
Fri, Dec 18 2009, 12:57 PM
Although not far removed from the tight range that has held all day, the FN 4.5 is at session lows. Considering it's a Friday and many lock desks are ...
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