Mon, Feb 14 2011, 8:36 AM
Coming off a slow week of scheduled data the markets are ready for
activity to pick up in the day's ahead. Monday and Friday each boast
just one F...
Mon, Feb 14 2011, 4:22 PM
We watched defensively last week as mortgage rates teetered on a
ledge. We were searching for an indication that "snowball selling" had
been avoid...
Mon, Feb 14 2011, 4:17 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Mon, Feb 14 2011, 4:12 PM
Since 10:30am, FNCL 4.5's haven't moved more than 2 ticks and continue to operate at or near their highs of the day.
10yr
yields have been simi...
Fri, Feb 11 2011, 11:22 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
92-30 : +0-18
...
Fri, Feb 11 2011, 10:01 AM
Bond Market May Test Important Targets Today
...
Fri, Feb 11 2011, 8:26 AM
Key Events Today: 8:30 ― The monthly gap in December’s Trade Balance report is
anticipated to grow to $40.5 billion, from $38.3 billion a mont...
Fri, Feb 11 2011, 5:32 PM
Just like sometimes we see profit taking after a
nice rally, sometimes we see profit taking after a sell off.
We're
talking about short sellers....
Fri, Feb 11 2011, 4:18 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Fri, Feb 11 2011, 2:45 PM
A 7-week mortgage rates range was finally broken last Friday. The
directional move that took place afterward was not fence-sitter
friendly. "Best ...
Thu, Feb 10 2011, 11:17 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Thu, Feb 10 2011, 8:31 AM
Treasuries have yet to continue yesterday's rally. The 10-Year Treasury, which began the month yielding 3.37%, strengthened by nine basis
points W...
Thu, Feb 10 2011, 5:45 PM
Yesterday was one of those "GOOD NEWS/BAD NEWS" sorta days.
The good news was mortgage rates ended a damaging 5 day losing streak
The bad ne...
Thu, Feb 10 2011, 5:35 PM
Today's MBS price movement shouldn't stress you out. Not Yet. They should make you very defensive, but not stressed. Not yet....
Yes, we ended d...
Thu, Feb 10 2011, 4:17 PM
MBSonMND : MBS RECAP
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FNMA 3.5
92-10 : -0-15
...
Thu, Feb 10 2011, 2:21 PM
Treasury just sold $24 billion 4.75% coupon bearing 30 year bonds. No headline
observations can be made on this one. It was a pretty average aucti...
Wed, Feb 9 2011, 11:17 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
92-13 : +0-01
...
Wed, Feb 9 2011, 9:30 AM
Sellers gained control of the bond market yesterday. This weakened
the strength of supportive roadblocks and allowed benchmark yields to
drift hig...
Wed, Feb 9 2011, 8:23 AM
Key Events Today: 8:30 ― Tim Geithner, U.S. Treasury
secretary, speaks at The Atlantic's town hall event on building the
economy and the futur...
Wed, Feb 9 2011, 5:54 PM
This is gonna be one of those "GOOD NEWS/BAD NEWS" sorta days.
The good news is...
The mortgage rate losing streak has come to an end at 5 d...
Wed, Feb 9 2011, 5:39 PM
Today's bond market response to the 10yr note auction was encouraging.
But it should not make us complacent or lower our defensive shields.
This...
Wed, Feb 9 2011, 4:17 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
92-25 : +0-13
...
Wed, Feb 9 2011, 3:52 PM
Ben Bernanke, chairman of the Federal Reserve, testified for the
first time in front of the now Republican-led House Budget Committee.
This commi...
Wed, Feb 9 2011, 1:24 PM
Treasury just sold $24 billion 10 year notes. Hello Bargain Buyers....
Demand was extremely strong for this newly issued 3.625% coupon. The
bid ...
Tue, Feb 8 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
93-06 : -0-13
...
Tue, Feb 8 2011, 8:33 AM
The day ahead is devoid of new headline economic data but several
officials from
the Federal Reserve will offer their take on the economic recover...
Tue, Feb 8 2011, 6:01 PM
Home loan borrowing costs extended their losing streak to five days today. "Best Execution" mortgage rates didn't move higher though, just the closing...
Tue, Feb 8 2011, 5:48 PM
This is the reality of the brave new world that is the
post-range-breakout bond market.
We've been discussing the probability
of big movement...
Tue, Feb 8 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Tue, Feb 8 2011, 3:36 PM
February Fannie and Freddie 30 year fixed MBS coupon have begun the
settlement process and it will soon look like MBS prices just plummeted (more th...
Tue, Feb 8 2011, 1:19 PM
Treasury just auctioned $32 billion 3-year notes .
The
bid to cover ratio was a below average 3.01 bids submitted for every 1
accepted by T...
Mon, Feb 7 2011, 11:23 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
93-13 : -0-11
...
Mon, Feb 7 2011, 9:25 AM
We're not ready to pass sole possession of the production coupon
title belt onto the 5.0 30yr MBS coupon just yet but lock desks are
decidedly mor...
Mon, Feb 7 2011, 8:51 AM
The week is ahead is relatively slim on macroeconomic data. The
highlights may be the several speeches from Federal Reserve officials,
including B...
Mon, Feb 7 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Mon, Feb 7 2011, 2:39 PM
A 7-week mortgage rates range was finally broken last Thursday and
Friday. The directional move was not consumer friendly. "Best Execution"
home l...
Mon, Feb 7 2011, 2:38 PM
In what we would describe as a generally slow, dateless Monday
trading session, the benchmark 10yr TSY note is at its lowest yield
levels of the d...
Fri, Feb 4 2011, 11:23 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
...
Fri, Feb 4 2011, 11:14 AM
You're likely already aware that the reaction to NFP hasn't been good
for the bond market. The market's pre-data short position has made it
easy f...
Fri, Feb 4 2011, 8:38 AM
The unemployment rate fell by 0.4 percentage point to 9.0 percent in
January, while nonfarm payroll employment changed little (+36,000), the
U.S. ...
Fri, Feb 4 2011, 8:24 AM
Key Events Today: 8:30 ― Expectations are pretty humble for the January Nonfarm Payrolls
report. The median forecast is for 145k new jobs, beati...
Fri, Feb 4 2011, 4:43 PM
After 7-weeks of consolidation, stored energy was finally released.
The range has been broken. Yay. We were all growing tired and suffering
greatl...
Fri, Feb 4 2011, 4:40 PM
It finally happened. The range has been officially broken. In the wrong direction.....
The RANGE that has been the topic of so much conversation ...
Fri, Feb 4 2011, 4:23 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Thu, Feb 3 2011, 12:44 PM
Plain and Simple : The economic recovery is progressing but not
fast enough. We're leaving behind the housing and labor markets. Cost
push inflat...
Thu, Feb 3 2011, 11:19 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
94-16 : -0-04
...
Thu, Feb 3 2011, 8:47 AM
If you've been a long time MBS Commentary reader you know we had an
ax to grind on labor productivity and its impact on hiring trends. Many
econo...
Thu, Feb 3 2011, 8:15 AM
Stocks and bonds are both getting beat up as investors look ahead to
ISM services data, a new jobless claims report, productivity figures,
and com...
Thu, Feb 3 2011, 5:18 PM
The 4.875 sweet spot on C30 rate sheets didn't really changed much
when benchmarks traded between 3.3 and 3.50. But outside those marks
(3.56 is a...
Thu, Feb 3 2011, 5:03 PM
It's been about a month since the last Employment Situation Report
was released. What we had to say about it then is pretty much the same
thing w...
