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MBS Commentary

Over a decade and counting! Mortgage News Daily has provided daily MBS market commentary to the mortgage industry since 2007.

NEW MBS UPDATE: Faces Getting Warmer... Warmer... Warmer...

Wed, Jul 8 2009, 3:07 PM

As you can see, the previously discussed 877-878 (ish) level in the S and P has indeed served as a bit of resistance for the time being. However, the...

NEW MBS LUNCH: Official Auction Results and Analysis

Wed, Jul 8 2009, 1:10 PM

The net result for both treasuries and MBS is a huge positive. BE AWARE, that treasuries will get the spotlight today, and potentially even through t...

NEW MBS ALERT (good kind)

Wed, Jul 8 2009, 1:01 PM

more to follow, but all you need to know for now is the high yield on the 10 yr auction was 3.365 percent, and 86% at high. Prepare to get your fac...

NEW MBS MORNING: CAREFULLY Floating...GUTFLOP Before Auctions

Tue, Jul 7 2009, 10:32 AM

We are definitely seeing better rate sheets this morning. However we dont want you to get too excited about an MBS rally as the two most "rate sheet i...

NEW MBS OPEN: Weaker But Contained by Range and Relative Cheapness

Tue, Jul 7 2009, 8:33 AM

MBS OPEN: Prices Head Back to 100-00 and 102-00.. TSYs weaker. Stock Futures Higher. Oil Recovering. TSYs range bound between 3.50- 3.60. MBS takin...

NEW MBS CLOSE: "First Time Since...." For Several Market Sectors

Tue, Jul 7 2009, 5:49 PM

* MBS spend two days above PAR in 4.5's for the first time since may (and 102-00 for 5.0's) * Stocks at lowest levels since May (almost since Apr...

NEW MBS AFTERNOON: All Kinds of Breaking Resistance and Support

Tue, Jul 7 2009, 3:14 PM

s TSY rates move lower and the curve flattens, the duration of "rate sheet influential" MBS coupons is reduced. This allows certain MBS holders to mov...

NEW MBS ALERT: Be Aware Of The Volatility

Tue, Jul 7 2009, 1:42 PM

After regaining basically all of the post auction price losses, we're now back down to post-auction lows. Hopefully we see a range established here t...

NEW MBS LUNCH: Official Auction Results

Tue, Jul 7 2009, 1:11 PM

All three of the most watched components are slightly weaker than expected. Markets had their hopes up for a higher BTC than the 2.62 seen following ...

NEW MBS ALERT: Initial Reaction To Auction Is Negative

Tue, Jul 7 2009, 1:03 PM

Savvy, ahead-of-the-curve type lenders may reprice for the worse here. The auction results are apparently not quite what the markets were expecting. ...

NEW MBS MORNING: Waiting for Stocks to Give Guidance. RANGE BOUND!!!

Mon, Jul 6 2009, 11:33 AM

This morning "talking heads" are spending much of time debating the extent to which the marketplace a "baked in" a recovery into stock prices. Guests...

NEW MBS OPEN: Flat Before AM Data

Mon, Jul 6 2009, 8:37 AM

Monday Morning's Opening post which recaps some of the salient events from the previous session which was the thursday before a a 3 day weekend that i...

NEW MBS CLOSE: Small Improvements Add To MBS Steadiness, But Auctions Loom

Mon, Jul 6 2009, 5:12 PM

The only real piece of scheduled data today was the ISM Non-manufacturing index. It didn't do much to move markets. In fact, MBS had a fairly calm, ...

NEW MBS AFTERNOON: Seeing Some Positives In Slow Trading

Mon, Jul 6 2009, 4:00 PM

I will say this about the activity that DID OCCUR today though....early in the session benchmark yields were moving higher and it was looking like TSY...

NEW MBS LUNCH: Afternoon Improvements

Mon, Jul 6 2009, 2:01 PM

MBS improves ahead of 3 yr note auction. We dont expect the FN 5.0 to make much progress into the 102-00 price handle though. Regardless of that agres...

NEW MBS MORNING: Big Picture Unknowns Still Limiting MBS Gains

Thu, Jul 2 2009, 10:16 AM

The MBS trading environment remains defensive. Market participants still broadly prefer to avoid extension risk heavy "down in coupon" strategies as t...

NEW MBS OPEN: NFP IN! -467k. Previous Revised Down as Well!.

Thu, Jul 2 2009, 8:28 AM

MBS OPEN: NFP IN! -467k. Previous Revised Down as Well!. MBS and tsy's react by initially improving. 10 yr heading to 3.5./ MBS up 4-5 ticks. ...

NEW MBS CLOSE: Ticked Up A Bit After Hours

Thu, Jul 2 2009, 5:16 PM

closing post for NFP thursday before the 4th of july weekend. 5.0's ticked up a bid after the book close, 4.5's ticked down. the 10yr went sideways ...

NEW MBS AFTERNOON: AFTER HOURS ALERT (KINDA)

Thu, Jul 2 2009, 3:06 PM

After reaching an intraday high of 102-06, the FN 5.0 has moved back to its long standing resistance 102-00 price level. Meanwhile, the other "rate sh...

NEW MBS LUNCH: Not Much To Report...

Thu, Jul 2 2009, 1:22 PM

On Thursday July 2nd, following the release of weaker than expected NFP, MBS continue to rally in a relatively stable pattern. Tsy's are following a ...

NEW MBS MORNING: Seeking Guidance. Defensive While Waiting

Wed, Jul 1 2009, 10:54 AM

NEW MBS OPEN: New Quarter Begins, ADP Worse Than Expected

Wed, Jul 1 2009, 8:16 AM

NEW MBS CLOSE: What Dreams May Come?

Wed, Jul 1 2009, 5:28 PM

Preparing for NFP on 7/1/09 The market has been in a relatively sidways pattern since the much anticipated FOMC statement which helped continue to cal...

NEW MBS AFTERNOON: Range Widens (For The Better...)

Wed, Jul 1 2009, 3:19 PM

NEW MBS LUNCH: Encountering All Manner Of Resistance

Wed, Jul 1 2009, 1:14 PM

NEW MBS MORNING: Taking Leadership from Stock Lever

Tue, Jun 30 2009, 11:06 AM

NEW MBS ALERT: Lost 11 Ticks to Data Print

Tue, Jun 30 2009, 9:13 AM

NEW MBS OPEN: Hey! Guess What!

Tue, Jun 30 2009, 8:33 AM

NEW MBS CLOSE: Illustrating the Evolution of the Marketplace in Q2

Tue, Jun 30 2009, 5:35 PM