Mon, Jan 24 2011, 1:51 PM
Wednesday's FOMC statement will include the perspective of 3 new voters: Charles Plosser, Richard Fisher, and Charles Evans. The FOMC statement will h...
Fri, Jan 21 2011, 12:23 PM
Referring to anything today as "pivotal," is a bit of an overstatement considering the lack of data and volume, but from a technical perspective, 10yr...
Fri, Jan 21 2011, 11:23 AM
This is a promising development for bonds, although overall volume today may not be high enough to tell us much more. Yesterday, 10yr yields ticked ju...
Fri, Jan 21 2011, 8:46 AM
The bond market needs more motivation if it is to commit to a broad based shift in bias. Until then we keep playing the range.
Fri, Jan 21 2011, 5:25 PM
NEXT WEEK: State of the Union, FOMC Meeting, Treasury Auctions, GSE Reform, Earnings Galore, and a busy economic calendar including Consumer Confidenc...
Fri, Jan 21 2011, 4:23 PM
10yr yields decidedly into 3.41's now and MBS are happy about that. But this is more like the happiness that comes from the passing of a risky situati...
Fri, Jan 21 2011, 4:02 PM
Mortgage rates failed to breakout of that range this week. And although "Best Execution" barely budged yet again....closing costs did rise. On average...
Thu, Jan 20 2011, 11:23 AM
Calling reprices gets a little tricky here as some lenders were a little slow to price this AM while others published at their usal time. The earlier ...
Thu, Jan 20 2011, 11:18 AM
With only 26 minutes having passed since the data that threatened to push bonds out of their recent range, we're still in the "so far so good" stages ...
Thu, Jan 20 2011, 9:19 AM
This week's data is more important than usual because it covers claims in the week ending January 15th...which includes the 12th day of the month. Why...
Thu, Jan 20 2011, 8:28 AM
Wednesday’s stock sell-off has been extended. Equity futures are pointing to a lower open this morning after the S&P 500 shed 1% yesterday, a result o...
Thu, Jan 20 2011, 5:18 PM
After worsening sharply on Tuesday, mortgage rates didn't move much yesterday. But better than expected economic data this morning and a weak Treasur...
Thu, Jan 20 2011, 4:19 PM
The volume spike following the tips auction was immense. 1pm - 130pm was the highest volume of any 30 minute period today. 10yr contracts approached t...
Thu, Jan 20 2011, 1:56 PM
If you have not yet seen reprices for the worse, they're likely on the way after an unexpectedly weak 10yr TIPS auction jolted "rate sheet influential...
Wed, Jan 19 2011, 11:15 AM
A recap of MBS microposts and featured comments on the MBSonMND live discussion chat board.
Wed, Jan 19 2011, 8:19 AM
Investors are keeping both stock and bond markets flat as we await Q4 earnings from Goldman Sachs, State Street, U.S. Bank, and Wells Fargo. On top of...
Wed, Jan 19 2011, 4:17 PM
Stocks, bonds, and MBS continue to drift sideways in after hours trading at 1280 in the S&P 3.337 in the 10yr, and 102-14 in FNCL 4.5's. Any lenders w...
Wed, Jan 19 2011, 3:19 PM
If you're floating a loan, "best execution" mortgage rates didn't change today....but closing costs rose ever so slightly. I might even be reaching wh...
Wed, Jan 19 2011, 1:29 PM
MBS and TSYs are near their best levels of the day and reprices for the better have been widely reported. The stock lever can be cited as a source of ...
Tue, Jan 18 2011, 11:20 AM
After failing to confirm a breakout from the recent range, benchmark 10-year yields have spiked higher in an aggressive manner. This illustrates the r...
Tue, Jan 18 2011, 10:38 AM
After failing to confirm a break of the broader 3.27 to 3.56% range, benchmark 10 year TSY yields shot 13bps higher in an aggressive manner this morni...
Tue, Jan 18 2011, 8:56 AM
The week ahead is relatively quiet on new data, the housing market will however be in focus with three new reports set to print. Investors will be wat...
Tue, Jan 18 2011, 6:04 PM
As long as this range prevails, it's lowest yield levels continue to be ideal lock suggestions, while it's weaker levels are entry points better suite...
Tue, Jan 18 2011, 4:31 PM
The "best execution" conventional 30 year fixed mortgage rate has risen back to 4.875% today. Lenders are still offering 4.75% but the upfront permane...
Tue, Jan 18 2011, 4:20 PM
A recap of MND microposts and featured comments from MBSonMND's live market discussion .
Fri, Jan 14 2011, 11:17 AM
Following the 9:55am consumer sentiment report, MBS FNCL 4.5's are holding near highs at 102-25 while benchmark 10's continue to grind into their own ...
Fri, Jan 14 2011, 9:00 AM
The great margin squeeze of 2011 is coming for consumers and producers.
Fri, Jan 14 2011, 8:22 AM
On this Friday before a long holiday weekend, both interest rate prices and equity futures are trading lower on news that China will lift bank reserve...
Fri, Jan 14 2011, 5:36 PM
So many things about the bond market are suggesting it has no pulse at the moment. But in an extreme paradox, this is perhaps the most exciting thing...
Fri, Jan 14 2011, 4:30 PM
In the world of mortgage rates there are varying degrees of opportunity, all of which are dependent on your wants and needs. The last time mortgage ra...
Fri, Jan 14 2011, 4:17 PM
The STEADINESS and calm, methodical march higher in yield this afternoon is unnerving. No short/medium/long term technicals are shifting, and volume i...
Fri, Jan 14 2011, 2:03 PM
Unfortunately the defensive nature we expected to see heading into this rates rally is becoming more obvious as we inch closer to the long weekend ahe...
Thu, Jan 13 2011, 11:21 AM
Liquidity is thin and price volatility has picked up this morning after yesterday's well-attended 10yr TSY note auction. There are all sorts of factor...
Thu, Jan 13 2011, 10:40 AM
Liquidity is thin and price volatility has picked up this morning after yesterday's well-attended 10yr TSY note auction. There are all sorts of facto...
Thu, Jan 13 2011, 8:22 AM
Benchmark interest rates are largely unchanged as are equity futures this morning ahead of a rush of data and events.
Thu, Jan 13 2011, 4:17 PM
As expected, considerations surrounding auctions have dominated momentum this week. Friday will now take it's turn with the final say. It's unlikely t...
Thu, Jan 13 2011, 2:21 PM
It's been a good week so far, with an acceptable amount of validation of the post-NFP range. If pre-NFP weakness isn't retraced tomorrow, it's anothe...
Wed, Jan 12 2011, 12:26 PM
With about an hour left before the auction, and with most of the recent movement in treasuries adhering rigidly to a defined technical framework, let'...
Wed, Jan 12 2011, 11:16 AM
As stocks have crept into their highest levels of the morning, bonds are at their weakest levels with the 10yr now above 3.41 and FNCL 4.5's at 101-31...
Wed, Jan 12 2011, 8:27 AM
Benchmark interest rates backed up overnight as equity futures approached their highest levels since September 2008. This move is built on improved i...
Wed, Jan 12 2011, 5:43 PM
Classic pivot move.... Knock on one side of the door, leave the house, knock on the other side, move on... Let's just hope that "moving on" is the gam...
Wed, Jan 12 2011, 4:53 PM
Treasury auctions have been the bond market's main source of motivation this week. Generally these Treasury auctions exert added pressure on mortgage ...
Wed, Jan 12 2011, 4:19 PM
After 10yr yields hit a resistance bounce at the bottom of their recent trend channel higher in yield, they subsequently broke lower and returned to t...
Wed, Jan 12 2011, 2:39 PM
PRODUCER MARGIN SQUEEZE STEALS WAGE RATE HIKES : The cost of
production inputs continues to rise and while a few districts noted
selective attempt...
Wed, Jan 12 2011, 1:13 PM
Buy side demand was strong even though direct bidder participation was a bit weaker than usual, indirects more than made up for missing demand. Tradi...
Tue, Jan 11 2011, 11:41 AM
In typical pre-auction fashion, bond traders are selling short benchmark TSYs in an effort to cheapen up their debt underwriting costs. While producti...
Tue, Jan 11 2011, 11:15 AM
10 minute totals in treasury futures shortly after 10am rose to surpass yesterdays highest readings, indicating volume is returning to the market and ...
Tue, Jan 11 2011, 7:50 AM
Equity futures are on the rise and interest rates are backing up a bit after news hit wires that Japan is planning to buy European debt in an effort t...
Tue, Jan 11 2011, 4:33 PM
It was an interesting day for mortgage rates. Benchmark Treasury yields rose and MBS prices fell which forced lenders to reprice for the worse. Howeve...
Tue, Jan 11 2011, 4:16 PM
January delivery Fannie and Freddie 30 year fixed MBS coupon have begun the settlement process and it will soon look like MBS prices just plummeted (m...
