Fri, Dec 11 2009, 3:27 PM
Fri, Dec 11 2009, 1:33 PM
Thu, Dec 10 2009, 11:59 AM
The Treasury will announce the auction results of the $13 billion long bond reopening at 1pm. Yesterday's weak 10yr auction implies one of two things ...
Thu, Dec 10 2009, 8:31 AM
After moving higher overnight, mostly at the start of the London trading session, "rate sheet influential" benchmark rates ticked up a few bps and the...
Thu, Dec 10 2009, 5:00 PM
Thu, Dec 10 2009, 2:48 PM
Thu, Dec 10 2009, 1:04 PM
JUST LIKE YESTERDAY, THIS AUCTION WAS NOT MET WITH STRONG DEMAND.....something many were expecting, thus rates have barely budged.
Wed, Dec 9 2009, 12:41 PM
"Rate sheet influential" MBS prices plummeted after the auction results. "Rate sheet influential" MBS prices plummeted after the auction results.
Wed, Dec 9 2009, 11:03 AM
As we've seen so often, markets tend to trade along pre-existing ranges toward some sort of inflection point. An oversimplified way to think about th...
Wed, Dec 9 2009, 8:39 AM
101-30 provided support yesterday, something we expect to continue unless the 10yr trades above 3.42%...or.....if the lack of MBS liquidity that set i...
Tue, Dec 8 2009, 11:07 AM
Short-term and long-term charts are telling two decidedly different stories today. If one were to look only at the short-term chart, we would indeed ...
Tue, Dec 8 2009, 9:00 AM
Rate sheet influential MBS coupons are starting out the session in FACEMELTING status. The FN 4.0 is +0-18 at 99-23 yielding 4.035% and the FN 4.5 is ...
Tue, Dec 8 2009, 5:33 PM
Taking things one day at a time, we'd have to point out that we're once again closing over 102-00... For any you're floating into tomorrow, pay close...
Tue, Dec 8 2009, 4:04 PM
Heading into 5pm "going out" marks, trading flows in the agency MBS market are few and far between. The FN 4.0 is+0-04 at 99-09 yielding 4.099%. The F...
Tue, Dec 8 2009, 2:02 PM
As benchmark TSY rates re-test higher yield levels, trading flows in the TBA MBS market have fizzled out. We went from every offer getting lifted to d...
Mon, Dec 7 2009, 11:32 AM
In an orderly sell off, traders test individual price levels to determine what the market is willing to accept/not accept. This "probing" combined wi...
Mon, Dec 7 2009, 8:35 AM
After moving outside the range in holiday trading conditions in the week before, rates backed-up in a hurry last week as traders took profits, unwound...
Mon, Dec 7 2009, 3:39 PM
Looks like consumers are leaning on their credit cards again....In October, consumers reduced outstanding debt by $3.5 billion, much less than the $9....
Mon, Dec 7 2009, 1:48 PM
Bottom line: everybody is fond of saying that lenders will take away faster than they give it back and it's very likely that Friday was no exception f...
Fri, Dec 4 2009, 10:47 AM
Fri, Dec 4 2009, 8:29 AM
Rates are higher after the data....After coming to a rest directly in the middle of the range ahead of the data, the 10yr is now testing the upper lim...
Fri, Dec 4 2009, 3:29 PM
We are sticking with our strategy heading into year end. PLAY THE RANGE UNTIL THE RANGE PLAYS YOU.
Thu, Dec 3 2009, 11:34 AM
Thu, Dec 3 2009, 8:32 AM
RATES ARE MOVING HIGHER IN A HURRY THIS MORNING. The 10yr TSY note is -0-19 at 99-30 yielding 3.384%...This is a function of the market finding it's w...
Thu, Dec 3 2009, 3:57 PM
The market found a comfort level, where it had last accepted price levels based on strategies and biases not not influenced by an outlier event...more...
Thu, Dec 3 2009, 2:10 PM
For the better part of the day MBS have been confined in a range between 101-25 and 101-28. Except for a brief foray to 101-29, this trend goes all t...
Wed, Dec 2 2009, 11:33 AM
Wed, Dec 2 2009, 9:16 AM
We continue to remind of the importance of THE RANGE. The recent rise in rates adds further evidence that the market is more comfortable trading THE R...
Wed, Dec 2 2009, 3:59 PM
While last Friday's MBS valuation weakness extended all the way into the first half of today's trading session...buyers finally emerged this afternoon...
Tue, Dec 1 2009, 12:15 PM
The 10yr TSY note is now testing 3.26 and "rate sheet influential" prices just hit a new intraday low.We have already seen a few reprices for the wor...
Tue, Dec 1 2009, 11:18 AM
Tue, Dec 1 2009, 3:11 PM
Mortgages are finding it difficult to maintain support as th 10yr tests the all important 3.27% pivot point. The long end of the yield curve is taking...
Mon, Nov 30 2009, 11:46 AM
The FN 4.0 is -0-01 at 100-09 yielding 3.98% and the FN 4.5 is currently +0-00 at 102-16 yielding 4.198%. The secondary mortgage market current coupon...
Mon, Nov 30 2009, 8:40 AM
Mon, Nov 30 2009, 5:08 PM
Mon, Nov 30 2009, 2:32 PM
Fri, Nov 27 2009, 10:53 AM
Fri, Nov 27 2009, 8:59 AM
he bond market is benefiting from a flight to safety rally after Dubai's Supreme Fiscal Committee announced they would ask creditors of Dubai World, t...
Fri, Nov 27 2009, 3:38 PM
Lenders will find it more and more difficult to offload loan paper originated below 4.50%. The volatile duration of 4.0 MBS coupons adds an extra help...
MBS Market Alerts
