Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
33,877
# of User Comments
Micro News Archives
Use the calendar to view Micro News posts from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: New Jersey
State Name underscore: New_Jersey
State Name dash: New-Jersey
State Name lower underscore: new_jersey
State Name lower dash: new-jersey
State Name lower: new jersey
State Abbreviation: NJ
State Abbreviation Lower: nj
You are viewing Micro News from Tuesday, Feb 11, 2014 - View all recent Micro News
  • 2/11/14
    As the Yellen testimony continues, bond markets have...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 2/11/14
    Yellen's Market Moving Speech

    This is what Yellen will say to the House Financial Services Committee before they begin asking questions today at 10am:

    Full Text

    Here are the highlights from Reuters:

    •    Fed's Yellen says pickup in economic activity has fueled further progress in jobs market but labor market recovery far from complete
    •    Yellen says number of long-term unemployed, underemployed underscore importance of considering more than jobless rate when evaluating health of labor market
    •    Yellen says some of recent softness in inflation likely reflects transitory factors, cites oil and non-oil imports
    •    Yellen says FOMC believes at this stage recent volatility in global financial markets does not pose substantial risks to US Economic outlook
    •    Yellen says she expects "great deal of continuity" in FOMC's approach to monetary policy, strongly supports current policy strategy
    •    Yellen says FOMC likely to reduce pace of asset purchases in further measured steps if labor market conditions, inflation continue to improve
    •    Yellen says crossing policy thresholds would not prompt automatic rate hike but would indicate it appropriate to consider whether broader economic outlook justified a hike
    •    Yellen says committed to helping return economy to full employment and ensuring inflation not persistently above or below 2 pct
    •    Yellen says Fed expects to report results from stress tests of largest 30 bank holding companies in March

    Perhaps the easiest justification for bond market weakness in these highlights is simply that Yellen "strongly supports" the current strategy.  Once again, we're left with the ambiguous conditionality "if labor market conditions continue to improve."  Perhaps she will be willing to do more to define improvement in today's Q&A.  If not, market participants will certainly be willing to debate it.

    Category: MBS, UPDATE
    Share:   
  • 2/11/14
    If there had been any doubt as to how anxious markets...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
 
No Micro News Posts Here.

Options:
 
MBS Micro News updates are a service provided to MBSonMND subscribers only.
Learn More | Start a Free Trial | Open the Dashboard
  • 2/11/14
    As the Yellen testimony continues, bond markets have...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 2/11/14

    This is what Yellen will say to the House Financial Services Committee before they begin asking questions today at 10am:

    Full Text

    Here are the highlights from Reuters:

    •    Fed's Yellen says pickup in economic activity has fueled further progress in jobs market but labor market recovery far from complete
    •    Yellen says number of long-term unemployed, underemployed underscore importance of considering more than jobless rate when evaluating health of labor market
    •    Yellen says some of recent softness in inflation likely reflects transitory factors, cites oil and non-oil imports
    •    Yellen says FOMC believes at this stage recent volatility in global financial markets does not pose substantial risks to US Economic outlook
    •    Yellen says she expects "great deal of continuity" in FOMC's approach to monetary policy, strongly supports current policy strategy
    •    Yellen says FOMC likely to reduce pace of asset purchases in further measured steps if labor market conditions, inflation continue to improve
    •    Yellen says crossing policy thresholds would not prompt automatic rate hike but would indicate it appropriate to consider whether broader economic outlook justified a hike
    •    Yellen says committed to helping return economy to full employment and ensuring inflation not persistently above or below 2 pct
    •    Yellen says Fed expects to report results from stress tests of largest 30 bank holding companies in March

    Perhaps the easiest justification for bond market weakness in these highlights is simply that Yellen "strongly supports" the current strategy.  Once again, we're left with the ambiguous conditionality "if labor market conditions continue to improve."  Perhaps she will be willing to do more to define improvement in today's Q&A.  If not, market participants will certainly be willing to debate it.

    Category: MBS, UPDATE
    Share:   
  • 2/11/14
    If there had been any doubt as to how anxious markets...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
 
No Micro News Posts Here.

Options:
 
 
No Micro News Posts Here.

Options:
 
 
No Micro News Posts Here.

Options:
 
Did you know?
You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.89%
  • |
  • 15 Yr FRM 3.11%
  • |
  • Jumbo 30 Year Fixed 3.73%
MBS Prices:
  • 30YR FNMA 4.5 108-18 (-0-03)
  • |
  • 30YR FNMA 5.0 110-27 (-0-02)
  • |
  • 30YR FNMA 5.5 111-29 (-0-01)
Recent Housing Data:
  • Mortgage Apps 4.93%
  • |
  • Refinance Index 0.90%
  • |
  • FHFA Home Price Index 0.67%