Mon, Dec 17 2012, 11:26 AM
Today's trading is kicking off the week in a mostly typical Monday sort
of way with ranges relatively contained, volume on the light side and
limi...
Mon, Dec 17 2012, 7:47 AM
After holding supportive ground on Friday, bond markets may be facing
the prospect of defending that stability before Monday's domestic
session be...
Mon, Dec 17 2012, 4:20 PM
There was very little out today by way of market moving data, at least not the kind that elicits immediate reaction in financial markets. Instead (an...
Mon, Dec 17 2012, 2:24 PM
Mortgage
rates moved slightly higher to begin the last full week of
2012 after fighting back against recent weakness on Friday. Bond
markets...
Fri, Dec 14 2012, 12:02 PM
Today was all about confirming whether or not bond markets would
be able to hold their ground before breaking through important technical
suppor...
Fri, Dec 14 2012, 7:31 AM
To whatever extent a dip into the low 104's is scary business for
Fannie 3.0 MBS or that a 10yr yield rising into the 1.7's is cause for
concern, ...
Fri, Dec 14 2012, 4:36 PM
Today was one of those sessions that seemed to unofficially end early.
Bond markets rallied all morning--albeit in a micro range for MBS--and
cam...
Fri, Dec 14 2012, 3:37 PM
Mortgage
rates moved slightly lower to end the week after having risen to the highest levels
of the month yesterday. That was part of a two ...
Thu, Dec 13 2012, 12:09 PM
Bond markets kicked off the day in unchanged-to-weaker territory,
extending yesterday's post-FOMC losses. Economic data actually made a
dent with...
Thu, Dec 13 2012, 7:28 AM
If nothing else, today should at least be "informative." When it comes to perfecting the recipe for market movement into 2013, there are too many ...
Thu, Dec 13 2012, 4:41 PM
Most of today's damage was done by 10am as bond markets walked in the
door in weaker territory and were dealt a hand of surprisingly strong
econom...
Thu, Dec 13 2012, 4:01 PM
Mortgage
rates continued higher on Thursday following
stronger-than-expected economic data and continuing the losses after
yesterday's FOMC a...
Wed, Dec 12 2012, 12:25 PM
Information received since the Federal Open Market Committee met in
October suggests that economic activity and employment have continued to
expan...
Wed, Dec 12 2012, 12:03 PM
As expected, the 10yr Treasury auction didn't pack its traditional level
of market-moving punch with the relatively much more important FOMC
event...
Wed, Dec 12 2012, 7:41 AM
Omnipresent Fiscal Cliff headlines have been muting the impact of
almost all economic events in the past several weeks. As expected,
markets have...
Wed, Dec 12 2012, 4:54 PM
Today's FOMC Announcement brought some interesting changes to way the
Fed will be communicating monetary policy going forward. The most notable ch...
Wed, Dec 12 2012, 4:09 PM
Mortgage
rates are higher on average after today's monetary policy
announcement from the Federal Reserve. Some lenders adjusted rates
higher...
Tue, Dec 11 2012, 11:54 AM
MBS have once again entered in to a narrow, sideways holding pattern,
though this morning's version follows a move to the downside at the
open. M...
Tue, Dec 11 2012, 7:18 AM
Two to three years ago , today's lineup of economic data and
market events would have been much more meaningful. International Trade
at 8:30am wo...
Tue, Dec 11 2012, 4:39 PM
As far as domestic trading hours were concerned, today was even flatter
than yesterday's exceptionally well-contained session for both MBS and
Tre...
Tue, Dec 11 2012, 2:00 PM
Mortgage
rates are little changed from Monday. Some lenders' rate
sheets are slightly improved versus yesterday's, but a majority offered
ju...
Mon, Dec 10 2012, 11:45 AM
Domestic bond markets took most of their short term directional cues
from European events overnight, though the broader themes set the limits
of t...
Mon, Dec 10 2012, 8:45 AM
By the end of this week, bond markets will only have 8 full sessions left in 2012 .
In December, the first two week's of the month are almost alwa...
Mon, Dec 10 2012, 4:26 PM
The week got off to an exceedingly slow start, both in terms of volume and volatility, which put in their tamest performances in several weeks as far ...
Mon, Dec 10 2012, 1:27 PM
Mortgage
rates are very slightly lower today compared to Friday's
latest offerings. However, Friday's rates were the highest of the week
aft...
Fri, Dec 7 2012, 11:50 AM
It's no surprise to see bond markets trade into weaker territory following a significantly better-than-expected Employment Situation Report .
Non-...
Fri, Dec 7 2012, 7:41 AM
The task of drawing conclusions about market fundamentals based on
post-Hurricane Sandy economic data has been frustrating at times. At
best, the...
Fri, Dec 7 2012, 4:20 PM
We've mentioned this a few times today, but it bears repeating. The
expectations for today's jobs number were--by the admission of the
economists...
Fri, Dec 7 2012, 3:07 PM
Mortgage
rates moved higher at their fastest pace in over two weeks
following Friday's Employment Situation Report. In a historical
context,...
Thu, Dec 6 2012, 11:59 AM
Much like the past two sessions, markets took a fair amount of guidance
from overnight events in Europe. Treasuries retested yesterday
afternoon'...
Thu, Dec 6 2012, 7:43 AM
As far as standard-issue economic reports are concerned, Thursday brings only the Weekly Jobless Claims figures,
still seen to be elevated but fal...
Thu, Dec 6 2012, 4:40 PM
Today saw the familiar pattern of "post-POMO volatility," referring to
the Fed's Permanent Open Market Operations, which are the scheduled 45
minu...
Thu, Dec 6 2012, 2:38 PM
Mortgage
rates were completely flat versus yesterday's offerings to
begin the day but several lenders recalled rate sheets for negative
revis...
Wed, Dec 5 2012, 11:55 AM
It continues to be the case that the bulk of market reaction to Fiscal
Cliff reaction is seen in equities markets while bond markets tend to be
a ...
Wed, Dec 5 2012, 7:04 AM
Whereas Tuesday was exceptionally light in terms of scheduled economic data and events, Wednesday begins three days with significantly more for market...
Wed, Dec 5 2012, 4:36 PM
Bond markets eked out a surprisingly moderate amount of
positivity into 11am with the classic post-POMO reversal coinciding with
Fiscal Cliff he...
Wed, Dec 5 2012, 3:47 PM
Mortgage
rates were slightly lower again on Wednesday. Even though
the day to day movements have been small, that gets us as close as we've
...
Tue, Dec 4 2012, 11:52 AM
In broad terms, bond markets continue to move roughly in concert with equities markets, but it's worth noting that Treasuries and MBS didn't move much...
Tue, Dec 4 2012, 7:33 AM
The well of scheduled data is effectively dry on Tuesday with no significant reports scheduled and no major overnight anticipations for Europe or Asia...
Tue, Dec 4 2012, 4:23 PM
Today was about as slow as they come in terms of--well--just about everything. Even on the approach, there were no significant economic reports sch...
Tue, Dec 4 2012, 2:34 PM
Mortgage rates continued yesterday afternoon's positive momentum , moving back to their best recent levels. The underlying financial markets were...
Mon, Dec 3 2012, 11:48 AM
It's difficult to say for sure whether or not bond markets have had a resilient morning as a result of weaker-than-expected ISM data or if they were p...
Mon, Dec 3 2012, 7:34 AM
Heading into Monday, the latest on the Fiscal Cliff can be summed up in one word: impasse . The dangerous thing about an impasse, specific to MBS an...
Mon, Dec 3 2012, 4:29 PM
Bond markets began the session in weaker territory after a series of overnight headlines and events that generally pointed in a "risk-on" direction....
Mon, Dec 3 2012, 3:17 PM
Mortgage rates began the day in weaker territory , but were able to make it back to Friday's levels as most lenders improved pricing in the afternoo...
Fri, Nov 30 2012, 11:56 AM
It's not uncommon to see a bit of volatility after the almost daily
installments of the Fed's Operation Twist purchases. These almost
always occu...
Fri, Nov 30 2012, 7:19 AM
Friday arrives (does it feel sooner than recent Friday's?) with
little fanfare, at least not the kind that's on the schedule ahead of
time. There...
Fri, Nov 30 2012, 4:40 PM
It was a surprisingly uneventful month-end Friday for MBS and broader
markets alike. Stock prices and bond yields rose moderately overnight
on po...
Fri, Nov 30 2012, 2:50 PM
Mortgage
rates moved lower on Friday , ending the week and the month in
line with their best levels in nearly two months. Today's improvements
...
Thu, Nov 29 2012, 12:09 PM
The headline for this morning's mid-day recap began it's life
referencing a sideways and uninspired trading session, but just before
it went out t...
