Mon, Mar 7 2011, 10:47 AM
Oil prices are up. Stock indexes are up. Treasury yields are up. MBS prices are not...
OVERNIGHT NEWS...
Fed Unlikely to Remove Its Economic...
Mon, Mar 7 2011, 9:25 AM
The economic data calendar thins out a bit but market watchers still
have plenty of news and events to absorb in the days ahead. MND expects
inves...
Mon, Mar 7 2011, 4:18 PM
CURRENT MARKET : The "Best Execution" conventional 30 year
fixed mortgage rate is 4.875%. For
those looking to buy down their rate to 4.75%, this q...
Mon, Mar 7 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
93-30 : -0-10
...
Mon, Mar 7 2011, 2:06 PM
A comment from the MBSonMND Dashboard :
(3/7/11 -- 1:17pm): FNCL 4.5's aren't merely holding near some of the highest prices in a
month--102-...
Fri, Mar 4 2011, 10:01 AM
Plain and Simple: When viewed on the spot, this was a strong
monthly jobs report. The headline NFP print was close to consensus. The
unemploymen...
Fri, Mar 4 2011, 8:17 AM
Interest rates moved mostly sideways in light overnight trading
volumes. The same thing goes for stocks, totally sideways in a quiet
marketplace....
Fri, Mar 4 2011, 6:00 PM
It was a volatile week for mortgage rates.
Monday and Tuesday saw
rates near their best levels in nearly a month. Consumer borrowing
costs the...
Fri, Mar 4 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-09 : +0-22
...
Fri, Mar 4 2011, 2:17 PM
After some harrying high volatility moments in the immediate wake of
the Employment Situation Report, benchmark 10's have dug in at their
best lev...
Fri, Mar 4 2011, 2:16 PM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-03 : +0-16
...
Thu, Mar 3 2011, 12:37 PM
Where to begin where to begin.... The obvious observation is
interest rates are higher today. The directional move began yesterday
after the Bei...
Thu, Mar 3 2011, 11:16 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
93-22 : -0-12
...
Thu, Mar 3 2011, 8:29 AM
Interest rates have yet to recover from the
sell-off that played out following the release of the Fed's Beige Book
yesterday afternoon. Stocks on ...
Thu, Mar 3 2011, 5:41 PM
The bond market has effectively been rallying since the 10th of
February. There are two ways to look at that rally, as either
CORRECTIVELY BEARISH...
Thu, Mar 3 2011, 5:28 PM
The Best Execution conventional 30-year fixed mortgage rate rose today.
UPDATED CURRENT MARKET :
The "Best Execution" conventional 30-y...
Thu, Mar 3 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
93-18 : -0-17
...
Thu, Mar 3 2011, 4:10 PM
"Inflation is always and everywhere a monetary phenomenon" - Milton Friedman Milton
Friedman's statement theorizes that the source of all inflatio...
Thu, Mar 3 2011, 2:10 PM
On days like today directional debates run rampant over "what's
happening" and "what's going to happen" in the bond market. AQ saved me quite a
b...
Wed, Mar 2 2011, 11:19 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-13 : -0-04
...
Wed, Mar 2 2011, 8:12 AM
Production MBS coupons and benchmark Treasuries benefited from a
continued flight to safety yesterday. Sparked by short covering in the
interest r...
Wed, Mar 2 2011, 5:23 PM
It was another volatile day in the mortgage market. Don't let that
distort your perspective of reality though. When looking at the behavior
of mo...
Wed, Mar 2 2011, 4:20 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Wed, Mar 2 2011, 3:19 PM
Following the 2pm release of the Fed's Beige Book, bonds are weaker
and stocks are near their highs of the day, which really isn't all that
high. ...
Tue, Mar 1 2011, 12:59 PM
From yesterday's 5pm going out marks at 101-29, FNCL 4.5's fell as low as 101-18
this morning. But after two decent showings of support, theyv'e gai...
Tue, Mar 1 2011, 11:19 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-07 : -0-09
...
Tue, Mar 1 2011, 8:22 AM
Stocks rallied around the globe in overnight trading and interest rates suffered in the process.
The
NIKKEI closed 1.22% higher. The Shanghai C...
Tue, Mar 1 2011, 5:02 PM
It was an exciting day in the
bond market.
Early in the trading session, the environment looked unfriendly for
mortgage rates. Stocks were rall...
Tue, Mar 1 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-19 : +0-04
...
Mon, Feb 28 2011, 11:19 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-16 : +0-01
...
Mon, Feb 28 2011, 8:24 AM
It's a busy week in terms of new economic data and events. Fed Chairman
Bernanke will share his semi-annual update on the status of the economy
an...
Mon, Feb 28 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-15 : -0-01
...
Mon, Feb 28 2011, 4:00 PM
This week begins with mortgage rates holding onto recent improvements. Last week, we discussed how a "flight to
quality" helped drive up investor de...
Fri, Feb 25 2011, 11:18 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-14 : +0-09
...
Fri, Feb 25 2011, 8:31 AM
We'll get a better idea today about whether or not the recent bond
market rally has been totally a factor of a flight to safety or if there
really...
Fri, Feb 25 2011, 5:58 PM
Mortgage rates benefited from a "flight to safety" this week.
A "flight to safety" happens when investors are nervous about owning
risky assets...
Fri, Feb 25 2011, 4:23 PM
On Tuesday we issued a directional MBS alert because the bond market seemed to be in the midst of shift in its underlying technical bias, from bea...
Fri, Feb 25 2011, 4:18 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-12 : +0-07
...
Fri, Feb 25 2011, 1:44 PM
Since the last piece of economic data for the week was released at
9:55am, MBS have been in rally mode, recently meeting resistance at
their highe...
Thu, Feb 24 2011, 11:18 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-06 : +0-06
...
Thu, Feb 24 2011, 8:25 AM
The 10-year Treasury note traded in a yield range of 3.49% to 3.44% overnight, after giving up three basis points and closing at 3.49% yesterday. Rat...
Thu, Feb 24 2011, 4:26 PM
Mortgage rates continue to benefit from a "flight to safety".
A "flight to safety"
happens when investors are nervous about owning risky assets l...
Thu, Feb 24 2011, 4:18 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-06 : +0-06
...
Thu, Feb 24 2011, 1:48 PM
$29bn 7s: Indirects close to average. Dealers make up for light direct
bid. BTC near average. High yield 5bps thru 1pm WI.
Not bad, not bad.
...
Wed, Feb 23 2011, 11:28 AM
As we discussed yesterday, the momentum that has been negative for
benchmark Treasuries and production MBS coupons throughout February...
may be s...
Wed, Feb 23 2011, 11:22 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-04 : +0-02
...
Wed, Feb 23 2011, 8:38 AM
Equity
futures are rebounding after anti-government riots in oil-rich Libya
initiated the worst single-day sell-off since August yesterday. As
s...
Wed, Feb 23 2011, 5:44 PM
Mortgage rates continue to enjoy a
period of relief after rising rapidly in recent
weeks. The extent to which this relief
period matures into a mo...
Wed, Feb 23 2011, 4:22 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Wed, Feb 23 2011, 1:38 PM
My latest tweet (AQ_MND) :
$35bn 5s not so hot. Tailed 1pm by 3bps, BTC on weak side, Dealers take
58.2%. Directs and Indirects reduce tenders an...
