Tue, Feb 28 2012, 1:36 PM
Bond markets came into today in positive territory from the outset. Technical conditions helped foster bullish momentum for Treasuries overnight and ...
Mon, Feb 27 2012, 12:43 AM
Although Non-Farm Payrolls does not make it onto this week's scheduled in it's traditional 'first Friday of the month' slot, there's still more domest...
Mon, Feb 27 2012, 12:40 PM
Very little has changed from this morning. There haven't been any significant market moving events for MBS. The most noticeable uptick in bond marke...
Mon, Feb 27 2012, 11:17 AM
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Mon, Feb 27 2012, 4:17 PM
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Mon, Feb 27 2012, 2:53 PM
Mortgages Rates
finished out the previous week in positive fashion, logging three straight days of minor improvements after beginning the week poor...
Fri, Feb 24 2012, 12:43 AM
In terms of economic data, the day kicks off with the more important
of the two reports offered: Consumer Sentiment at 9:55am. The forecast
calls...
Fri, Feb 24 2012, 11:17 AM
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Fri, Feb 24 2012, 4:17 PM
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Fri, Feb 24 2012, 3:44 PM
After beginning the week in significantly worse shape, Mortgages Rates finish the week having fought back in small increments against that weakness ...
Fri, Feb 24 2012, 1:16 PM
So far, today has been a serious snoozer for bond markets. Volume is low and volatility is all but absent as 10yr notes and production MBS continue...
Thu, Feb 23 2012, 12:00 AM
Wednesday ended on a positive note for Mortgage-Backed Securities and Treasuries after uneventful economic data in the morning, a reasonable 5yr Note ...
Thu, Feb 23 2012, 11:17 AM
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Thu, Feb 23 2012, 10:33 AM
This morning's release of weekly Jobless Claims data turned out to be a relative non-event as the 351k claims perfectly matched last week's numbers (r...
Thu, Feb 23 2012, 7:27 PM
Previously we discussed the technical factor convexity .
Another set of technical factors that impact secondary managers are in
the dollar roll ...
Thu, Feb 23 2012, 7:23 PM
In a few recent columns, we’ve talked about duration and convexity in the context of changing market prices. They are some of the most misunderst...
Thu, Feb 23 2012, 4:17 PM
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Thu, Feb 23 2012, 3:46 PM
Mortgages Rates
continued to improve at a slow and steady pace. After rising somewhat abruptly into the end of last week and beginning of the curr...
Wed, Feb 22 2012, 11:20 AM
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Wed, Feb 22 2012, 4:16 PM
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Wed, Feb 22 2012, 4:07 PM
Yesterday marked the first time since late January that Best-Execution Mortgages Rates
stood at 4.0% on average, as opposed to what had been the p...
Wed, Feb 22 2012, 1:56 PM
From a technical standpoint, the past few sessions have been a fairly gloomy scene for MBS and Treasuries--our two representatives from those camps be...
Wed, Feb 22 2012, 1:46 AM
As readers may be aware, we're rather fond of being close to utterly
dismissive of 2yr Treasury Note Auctions as significant market moving
events ...
Tue, Feb 21 2012, 11:20 AM
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Tue, Feb 21 2012, 8:21 AM
Bond markets are slightly weaker from Friday's latest levels as the Greek bailout that has been the markets focal point for several weeks, was technic...
Tue, Feb 21 2012, 4:20 PM
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Tue, Feb 21 2012, 3:31 PM
For the first time since late January, Best-Execution Mortgages Rates moved back to 4.0%. Over the past month, the rate averaged 3.875% despite ple...
Tue, Feb 21 2012, 1:47 PM
It's getting to be fairly popular to dismiss the ongoing efforts to stave off a default in Greece as "can-kicking," etc. We're guilty of this, but re...
Fri, Feb 17 2012, 12:47 AM
Stronger than expected employment data, via weekly Jobless Claims
printing 348k versus a 365k consensus, combined with a poorly received
30yr TIPS...
Fri, Feb 17 2012, 11:20 AM
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Fri, Feb 17 2012, 9:21 AM
Bond markets are trying to find their footing this morning after yesterday's weakness extended through the overnight session. News that the ECB may g...
Fri, Feb 17 2012, 4:20 PM
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Fri, Feb 17 2012, 2:25 PM
Mortgages Rates are higher for the 2nd day in a row. Unlike the movement we normally see, which limits itself to affecting closing costs as opposed ...
Thu, Feb 16 2012, 11:24 AM
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Thu, Feb 16 2012, 7:37 AM
Relatively late in the domestic session yesterday, a few details finally
emerged from the conference call between Greece and the Eurogroup. They
...
Thu, Feb 16 2012, 4:15 PM
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Thu, Feb 16 2012, 2:55 PM
Mortgages Rates reversed a recent trend of gradual improvement, moving higher today after a better-than-expected read on employment from this morning...
Thu, Feb 16 2012, 1:29 PM
MBS and Treasuries are having a rough day after a one-two punch from European headlines and a lousy 30yr TIPs auction. We'll start with the latter as...
Wed, Feb 15 2012, 11:50 AM
Yesterday we learned that the much-anticipated Eurogroup meeting to vote on Greece's second bailout had evolved into a mere conference call with sourc...
Wed, Feb 15 2012, 11:15 AM
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Wed, Feb 15 2012, 7:48 AM
MBS moved steadily higher for most of yesterday's session, while 10yr yields and stocks moved lower. MBS hit 103-29 in fannie 3.5's, which is a r...
Wed, Feb 15 2012, 4:16 PM
A lot of analysis that gets written will refer to "technical factors"
driving valuations. What this is referring to are situations where
unique...
Wed, Feb 15 2012, 4:15 PM
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Wed, Feb 15 2012, 3:08 PM
Mortgages Rates improved again today as domestic economic data failed to inspire markets to move in either direction and optimism over today's confer...
Tue, Feb 14 2012, 11:24 AM
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Tue, Feb 14 2012, 7:30 AM
Bond markets returned to something of a middle ground yesterday after recovering from a Greece-inspired risk-off trade . Last week's key event was t...
Tue, Feb 14 2012, 4:24 PM
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Tue, Feb 14 2012, 3:06 PM
Mortgages Rates are somewhat improved today after holding relatively steady to begin the week. In the underlying markets MBS (the "mortgage-backed-s...
Mon, Feb 13 2012, 12:20 PM
MBS and Treasuries continue to trade at significantly improved levels from this morning. Bond markets put in their first major bounce shortly after ...
Mon, Feb 13 2012, 11:19 AM
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