Wed, Mar 19 2014, 5:18 PM
Mortgage rates shot higher today
at their fastest pace of the year today after Fed forecasts suggested
members saw the Fed Funds Rate rising so...
Wed, Mar 19 2014, 4:59 PM
As expected, today's FOMC Announcement was every bit the snoozer it should have been. We knew qualitative guidance was likely to replace the unempl...
Wed, Mar 19 2014, 2:06 PM
Information received since the Federal Open Market Committee met in
January indicates that growth in economic activity slowed during the
winter mo...
Tue, Mar 18 2014, 12:14 PM
Overnight market movement was once again most visibly affected by headlines relating to the situation in Ukraine. This time around it was a speech ...
Tue, Mar 18 2014, 8:00 AM
Day 2 of post-referendum Ukraine may well look a lot like day one. What some feared would become an actual war, instead may simply fade from importan...
Tue, Mar 18 2014, 4:39 PM
Mortgage rates were effectively unchanged
today, putting an end to 2 days spent moving higher as the threat of
violence diminished in Ukraine. ...
Tue, Mar 18 2014, 4:05 PM
After weakness pervaded the past two sessions, bond markets have managed to find their footing before giving back any more of last Thursday's Ukraine-...
Mon, Mar 17 2014, 12:10 PM
Bond markets had moved into a defensive position on Friday in order to account for geopolitical fallout after Sunday's referendum in Crimea. After th...
Mon, Mar 17 2014, 8:00 AM
Last week's calendar of events were little match for the headlines coming out regarding the situation in Ukraine. Markets were in full " herd mode ,"...
Mon, Mar 17 2014, 4:30 PM
Mortgage rates moved moderately higher today,
erasing most of the improvement seen since Thursday afternoon. At that
time, global markets incl...
Mon, Mar 17 2014, 4:15 PM
Last week saw a reigniting of geopolitical risk on Thursday after headlines suggested the Crimean referendum as a potential powder keg over the week...
Fri, Mar 14 2014, 12:20 PM
The morning has seen rapid swings between highs and lows for stocks, bonds, MBS, and just about everything else. As expected, the logical impact fr...
Fri, Mar 14 2014, 8:00 AM
There's some inherent moral conflict in being a fan of lower mortgage rates. No sane person wishes for the sort of strife surrounding the Russia/Uk...
Fri, Mar 14 2014, 4:33 PM
Bond markets started the day in fairly decent shape, not much changed following yesterday's substantial Ukraine-inspired improvement. Domestic econom...
Fri, Mar 14 2014, 3:16 PM
Mortgage rates managed
to log another day of improvement today, this time more modest compared
to yesterday's big move. Rate sheets were best ...
Thu, Mar 13 2014, 12:29 PM
Until 11:11am, the day may well have been about the fairly tepid reaction to stronger economic data. Treasuries had traded a super narrow range overn...
Thu, Mar 13 2014, 8:00 AM
Bond markets had a great day on Wednesday and were able to rally both before and after the 10yr Note Auction. The question is: does this reveal som...
Thu, Mar 13 2014, 4:30 PM
Mortgage rates moved significantly lower today after Secretary of State Kerry warned of repercussions for events in Ukraine. Crimea is set to hold...
Thu, Mar 13 2014, 4:26 PM
Very little was happening before 11:11am today. Overnight markets were calm and sideways. Treasuries and MBS began the day in unchanged territory. ...
Wed, Mar 12 2014, 11:49 AM
The overnight session was moderately strong for Treasuries, helped along by slumping stocks in Asia and rallying bond markets in Europe. We have seen...
Wed, Mar 12 2014, 8:00 AM
Until something new and different happens today to inspire some volatility in bond markets, yesterday continues to be the most interesting event. The...
Wed, Mar 12 2014, 4:25 PM
Today was a good day for both MBS and Treasuries. Not only that, but it was good right from the start (courtesy of a positive overnight session) an...
Wed, Mar 12 2014, 3:36 PM
Mortgage rates moved lower at their best pace of the week today,
undoing the damage from last Friday's Employment Situation report, and
about a ...
Tue, Mar 11 2014, 12:07 PM
The day began with bond markets moving relentlessly sideways, and against the backdrop of Friday's post-NFP move, they still are. In other words, MBS...
Tue, Mar 11 2014, 8:00 AM
Considering the lack of actionable news and events during the first half of the week, bond market participants can either turn their attention to wha...
Tue, Mar 11 2014, 3:41 PM
Today is one of those days where Treasury movements definitely do not tell the story for MBS. Today's Senate headlines on the upcoming Fannie/Freddie...
Tue, Mar 11 2014, 3:05 PM
Mortgage rates continued holding mostly sideways today ,
though there were enough lenders in slightly better shape to make for a
small improvem...
Mon, Mar 10 2014, 11:55 AM
Domestic market movers have been in limited supply so far today. Bond markets have paid some attention to tradeflows surrounding big corporate deals...
Mon, Mar 10 2014, 8:00 AM
After moving through the worst week of losses since mid-August, bond markets are left to consider whether it's time fully abandon February's weather...
Mon, Mar 10 2014, 4:45 PM
As far as Mondays after NFP Fridays go, today could have been worse. On occasion, these Mondays can serve to perpetuate a new trend set in motion aft...
Mon, Mar 10 2014, 3:35 PM
Mortgage rates leveled-off today ,
after rising to 2-month highs after last Friday's Employment Situation
('Jobs Report'). Today's rates were ju...
Fri, Mar 7 2014, 12:49 PM
Not only was this morning's employment data stronger than expected, but it would probably have been even stronger if not for the weather effect. As ...
Fri, Mar 7 2014, 7:45 AM
The boring scenario for today would be for the all-important Employment Situation Report to show payroll creation lagging recent averages, coming in a...
Fri, Mar 7 2014, 4:41 PM
Mortgage rates rose sharply for
the third time this week, bringing them to levels not seen since
January 15th. Today's move followed a stronger...
Fri, Mar 7 2014, 4:26 PM
8:30-8:32... These were the only two minutes of the day where anything interesting was happening for bond markets. It wasn't the good kind of 'int...
Thu, Mar 6 2014, 11:57 AM
MBS are now at the best levels since before this morning's economic data. Before that, Treasuries were slightly weaker overnight, resulting in open...
Thu, Mar 6 2014, 8:00 AM
A quick recap of the year so far...
January kicked off with bond markets holding their ground at the weakest levels in more than two years.
...
Thu, Mar 6 2014, 4:39 PM
Mortgage rates moved quickly higher today ,
in the context of their recent range. That is to say, today's "sharp"
movement is nothing compared t...
Thu, Mar 6 2014, 4:32 PM
Bond markets were slightly weaker overnight as Geopolitical risk surround Ukraine continued to unwind. There wasn't much by way of new developments...
Wed, Mar 5 2014, 11:48 AM
MBS and Treasuries are both in slightly positive territory, and that's saying something considering the apparent challenge involved in getting here. ...
Wed, Mar 5 2014, 7:45 AM
"As with any geopolitical situation affecting markets, we'll only know the corner has been turned in hindsight. Until then, it's a wild card that's ...
Wed, Mar 5 2014, 4:07 PM
Mortgage rates held steady today,
on average, though some lenders are still in slightly worse shape.
Weakness in the markets that affect mortga...
Wed, Mar 5 2014, 3:55 PM
The overnight session ushered trading levels into just slightly weaker territory in the first part of the domestic session. In other words, this morn...
Tue, Mar 4 2014, 12:41 PM
Ukraine-related headlines sent moderate shockwaves through markets overnight, pushing Treasury yields higher by the open. Since then, the negative mo...
Tue, Mar 4 2014, 8:00 AM
While geopolitical tensions in Ukraine are certainly affecting markets, they're not affecting all markets equally. Core European debt has consistentl...
Tue, Mar 4 2014, 4:49 PM
Mortgage rates were sharply higher today,
as concern over geopolitical tension in Ukraine turned a corner. After
a surprisingly strong end to F...
Tue, Mar 4 2014, 4:40 PM
Nothing new happened all day long. Unfortunately, the order of the day was a steady selling spree in MBS and Treasuries--easily the worst we've seen ...
Mon, Mar 3 2014, 11:58 AM
There's always a risk of crediting uncommon news headlines with too much market movement . That's certainly happening with Ukraine to some extent at...
Mon, Mar 3 2014, 8:00 AM
This week's calendar of economic data has a roughly average number of reports, but several of them are potent market movers. Friday's jobs report , ...
Mon, Mar 3 2014, 4:09 PM
Mortgage rates moved noticeably lower today,
as investors sought the relative safety of bond markets in response to
geopolitical tensions in Ukr...
