Thu, Nov 29 2012, 7:19 AM
Have you ever procrastinated with a deadline? Did you find a legitimate
justification for making the delay, and if so did it make the " crunch-time ...
Thu, Nov 29 2012, 4:36 PM
It was an exceedingly tepid and flavorless session for broader bond markets, but especially for MBS.
Fannie 3.0's began the session chopping around...
Thu, Nov 29 2012, 2:39 PM
Mortgage
rates moved slightly higher on Thursday , depending on the lender, and whether or not they released negatively revised rate sheets yest...
Wed, Nov 28 2012, 11:44 AM
Bond markets improved steadily and uneventfully in the overnight session
ushering Treasuries 2-3 bps lower (10yr yields) and paving the way for
MB...
Wed, Nov 28 2012, 7:09 AM
With Tuesday's session in the books, it's now plain to see just how aggressively markets
had priced in some sort of resolution to the most recent ...
Wed, Nov 28 2012, 4:44 PM
It may well be the case that a complex, interconnected framework of
esoteric data and news pushed bond prices steadily higher in the
overnight ses...
Wed, Nov 28 2012, 3:43 PM
Mortgage
rates began the day near their lowest levels since early
October as bond markets stayed in strong territory on leftover Fiscal
Cliff...
Tue, Nov 27 2012, 11:45 AM
In spite of Eurozone leaders and the IMF reaching a 33rd hour (that's 3x an "11th
hour," see?) deal on Greek debt restructuring, bond markets hit th...
Tue, Nov 27 2012, 7:40 AM
Late on Monday, Eurozone Finance Ministers, along with the IMF, reached a deal on Greece's long-term debt with the supposed outcome being the €44 bln
...
Tue, Nov 27 2012, 4:46 PM
Markets got their long awaited Greece deal after the close last night and it turned out to be less of a triumph than hoped. While it wasn't a co...
Tue, Nov 27 2012, 3:45 PM
Mortgage
rates across multiple lenders were much more unified in their movement versus yesterday. Most lenders where unchanged to moderately im...
Mon, Nov 26 2012, 11:52 AM
Both stock prices and bond yields have been on the decline since topping
out on Friday. While stocks were sideways to weaker in the overnight
ses...
Mon, Nov 26 2012, 7:15 AM
After a somnambulant holiday-shortened week of trading, markets waste no time
in getting back to business. Perhaps it would be more accurate to s...
Mon, Nov 26 2012, 4:10 PM
After losing ground every single day in the previous
holiday-shortened week, bond markets got back to business today in
improved territory throu...
Mon, Nov 26 2012, 3:23 PM
Mortgage
rates once again saw a greater-than-normal degree of stratification
between lenders, meaning that some of them offered lower rates t...
Fri, Nov 23 2012, 11:23 AM
There continues to be little, if anything to report about goings-on in
bond markets this morning. Earlier in the session, despite activity
being ...
Fri, Nov 23 2012, 8:45 AM
Welcome to the day after the Thanksgiving Holiday--where US markets are
open in name, but closed in spirit. Technically, SIFMA recommends an
"ear...
Fri, Nov 23 2012, 4:41 PM
hough it's the default expectation that early-close sessions
juxtaposed to holidays will be light in volume and uneventful in terms
of volatility,...
Fri, Nov 23 2012, 1:17 PM
Mortgage
rates were unchanged on Friday , based on the small minority
of lenders who remained open. Taken together with the first three days
...
Wed, Nov 21 2012, 11:36 AM
Trading so far today has represented a slight extension of yesterday's weakness and hopefully, that's all!
Looking at price movements beyond toda...
Wed, Nov 21 2012, 6:19 AM
Wednesday brings the last of the week's economic data, borrowed from their regularly scheduled days to accommodate
the holiday schedule. Though mar...
Wed, Nov 21 2012, 4:40 PM
As has been the case so often since the onset of the Eurozone crisis, the tenor in domestic bond markets was largely a byproduct of European events in...
Wed, Nov 21 2012, 2:01 PM
Mortgage
rates were all over the board today with some lenders
improving noticeably and others pricing significantly weaker versus
yesterday'...
Tue, Nov 20 2012, 12:15 PM
MBS actually managed to eke out a few ticks of higher prices than yesterday afternoon's best levels before headline risk took it's toll
on bond ma...
Tue, Nov 20 2012, 6:48 AM
The holiday-shortened week continues in similar fashion today as
yesterday: with not much on the agenda. Monday's few pieces of economic
data hel...
Tue, Nov 20 2012, 4:31 PM
It was a choppy day for mortgages as slightly lower-than-average
volume in MBS and much-lower-than average volume in longer-dated
Treasuries exa...
Tue, Nov 20 2012, 3:38 PM
Mortgage rates started out the day mixed but mostly lower as lenders passed along market improvements from late in yesterday's session. Mid-morning h...
Mon, Nov 19 2012, 11:21 AM
The morning's economic data were both better than expected with Existing Home Sales coming in at 4.79 mln vs 4.75 mln.
The NAHB's Housing Market In...
Mon, Nov 19 2012, 8:02 AM
This week will be punctuated in the US, with a full closure on Thursday for
Thanksgiving and an early close on Friday (2:00 PM ET). The effects o...
Mon, Nov 19 2012, 4:15 PM
MBS and broader bond markets began the day in weaker territory after a major "risk-on" move
in the overnight session. What's interesting (maybe?)...
Mon, Nov 19 2012, 2:20 PM
Mortgage
rates were higher to start the holiday-shortened week .
Despite the deterioration, rates remain broadly consistent with a range
that...
Fri, Nov 16 2012, 12:21 PM
It's been a wild morning for market events, unexpected headlines,
and corresponding reactions across diverse markets. In a true sign of
the tim...
Fri, Nov 16 2012, 7:32 AM
Much in the same vein as Greece and QE3, the Fiscal Cliff is the new mega-issue du jour for financial markets. That this was likely to become an is...
Fri, Nov 16 2012, 4:28 PM
Wow... Quite a Friday! What, by all rights, could have been an
uneventful "fade-to-sideways" into the weekend (and holiday-shortened
week ahead)...
Fri, Nov 16 2012, 4:11 PM
Mortgage
rates continued to bounce back , moving lower for a second
straight day after rising on the first two days of the week. Net/net,
the...
Thu, Nov 15 2012, 12:31 PM
Bond markets began the day in moderately weaker territory after Asian
and European sessions took yields higher overnight. But the onset of
the do...
Thu, Nov 15 2012, 6:26 AM
If Wednesday was the busiest day of the week in terms of economic data and market-moving events, Thursday isn't far behind. The
festivities kick ...
Thu, Nov 15 2012, 4:18 PM
Third day of the week is apparently the charm for MBS... Tuesday and
Wednesday saw a level of spread-widening versus Treasuries that bordered on a...
Thu, Nov 15 2012, 3:00 PM
Mortgage
rates put an end to two days of weakness , but for most
lenders, rates were only moderately improved on Thursday. Weak economic
data...
Wed, Nov 14 2012, 12:11 PM
Bond markets started out in slightly weaker territory today after a
mildly weaker Asian session and moderately weaker European session. The
morni...
Wed, Nov 14 2012, 7:55 AM
Wednesday is the busiest day of this week in terms of the
economic reports and other potential market movers on the calendar. The
biggest-ticke...
Wed, Nov 14 2012, 5:15 PM
For the second straight day , we've seen MBS underperforming
Treasury benchmarks. In other words, Treasuries managed to hold steady
while MBS lo...
Wed, Nov 14 2012, 2:30 PM
Mortgage
rates moved higher at a quicker pace today despite the fact
that US Treasury yields were unchanged to slightly improved. In some
ca...
Tue, Nov 13 2012, 11:54 AM
Bond markets have been mixed so far this morning and somewhat volatile,
but within narrow ranges. Overnight news and events out of Europe
pushed ...
Tue, Nov 13 2012, 7:11 AM
Today's data is relatively non-existent, with only 3rd tier reports in
the morning and the Federal budget at 2pm which is more of a
house-keeping ...
Tue, Nov 13 2012, 4:34 PM
MBS struggled all day long despite the fact that Treasuries enjoyed a reasonably smooth and uneventful ride near the stronger side of Friday's range. ...
Tue, Nov 13 2012, 2:39 PM
Mortgage rates edged just slightly higher to begin the shortened week. Most lenders were closed yesterday in observance of the Veteran's Day holid...
Fri, Nov 9 2012, 11:20 AM
After a morning of data that was exclusive unfriendly to bond markets,
MBS and Treasuries continue to avoid the sort of ugly selling-sprees
that m...
Fri, Nov 9 2012, 6:14 AM
The past two weeks have been an exercise in exhaustion and endurance for
markets and market participants. Following the post-election rally,
the ...
Fri, Nov 9 2012, 4:15 PM
Bond Markets entered the domestic session slightly improved from yesterday's latest levels but soon began giving up those
gains. This weakness real...
