While benchmark interest rates continue to chop around in a contained range, mortgage-backed securities have moved sideways, failing to make much progress in either direction. Although we have experience a few moments of added volatility, tight trading ranges have kept and generally "topped out"...
Mortgage rates fell a few basis points yesterday as benchmark Treasury yields moved lower in the range. The extended rally in the rates market helped MBS prices tick higher which eventually resulted in lenders repricing for the better. An above average turnout at the 5yr note auction combined with an...
German employment data and M3 money supply top the euro zone's economic news as the UK market will receive the CBI's distributive trades report for August and house prices from Nationwide. In the U.S., the focus will be on preliminary Q2 GDP data and jobless claims figures, while Canadian markets receive...
A final look at U.S. first quarter GDP and initial jobless claims will be the key releases of the morning followed by the releasing of U.S. existing home sales. Europeans will be paying attention to comments from J'rgen Stark of the European Central Bank and energy traders will focus on the release of...