Tue, Jul 7 2009, 11:25 AM
Despite some optimism a few hours before the bell, markets opened lower once the first of two weekly retail sales reports came in with disappointing f...
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...
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...
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...
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...
Tue, Jul 7 2009, 1:57 PM
The American Bankers Association's (ABA) today released Consumer Credit Delinquency data. The ABA report said that the composite ratio, which tracks d...
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...
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 ...
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. ...
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...
Mon, Jul 6 2009, 11:24 AM
After making little to no ground during the holiday shortened work week, mortgage backed securities are still in search of clear direction. Last week...
Mon, Jul 6 2009, 10:50 AM
The only data release for the day was the ISM-Non Manufacturing Index, but markets shrugged it off and extended their losses even though it came in hi...
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...
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, ...
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...
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...
Thu, Jul 2 2009, 12:13 PM
Price of mortgage-backed securities progressively moved higher as the day wore on yesterday, after all was said and done loses from the prior day were...
Thu, Jul 2 2009, 11:23 AM
The pace of losses in the labor market had been moderating for four months but in June nearly half a million jobs vanished from the economy, in contra...
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...
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. ...
Thu, Jul 2 2009, 8:16 AM
Markets are edging lower ahead of the 8:30 release of Nonfarm Payrolls. A lot is hanging on this report as many forecasts for the economy are dependen...
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 ...
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...
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 ...
Wed, Jul 1 2009, 12:02 PM
Wed, Jul 1 2009, 10:54 AM
Wed, Jul 1 2009, 10:53 AM
Three data releases at 10:00 failed to sing in tune with each other. A key indicator of output showed some improvement but is still contracting overal...
Wed, Jul 1 2009, 5:52 PM
The Home Affordable Refinance Program was designed to assist borrowers who have demonstrated an acceptable payment history on their existing Fannie Ma...
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...
Tue, Jun 30 2009, 11:06 AM
Tue, Jun 30 2009, 10:02 AM
Tue, Jun 30 2009, 9:52 AM
Tue, Jun 30 2009, 9:13 AM
Tue, Jun 30 2009, 8:33 AM
Tue, Jun 30 2009, 5:35 PM
Tue, Jun 30 2009, 3:32 PM
Tue, Jun 30 2009, 1:29 PM
Tue, Jun 30 2009, 1:04 PM
Mon, Jun 29 2009, 11:29 AM
Mon, Jun 29 2009, 11:12 AM
Mon, Jun 29 2009, 8:17 AM
Mon, Jun 29 2009, 8:14 AM
Mon, Jun 29 2009, 5:39 PM
Mon, Jun 29 2009, 4:12 PM
