Thu, Mar 4 2010, 10:44 AM
Thu, Mar 4 2010, 5:35 PM
I know everyone wants to run through "what if" scenarios and try and position their pipeline for profits ahead of tomorrow's NFP print....I cant say I...
Thu, Mar 4 2010, 5:04 PM
Tomorrow we get the official government numbers on the employment situation. This is the most influential report offered on a monthly basis. Job cre...
Wed, Mar 3 2010, 11:18 AM
While price action has been choppy, I do believe the range will contain both bearish and bullish momentum leading up to 830am on Friday. My targets ar...
Wed, Mar 3 2010, 7:54 AM
We've been speculating about the sources of strength behind bullish bond market momentum. On one hand we know the market is nervous about Friday's NFP...
Wed, Mar 3 2010, 5:46 PM
Like yesterday, early morning weakness in the MBS market led to slightly worse rate sheets at the beginning of the day. However as the day progressed,...
Tue, Mar 2 2010, 10:55 AM
While I do see reasons to be worried about reprices for the worse in the short term, recent ranges are still containing directionality. It looks like ...
Tue, Mar 2 2010, 9:56 AM
Mortgages have been playing follow the leader with benchmark Treasuries over the past few session. This continues ahead of what is expected to be a sl...
Tue, Mar 2 2010, 5:04 PM
It was a very volatile day in the secondary mortgage market. Yesterday MBS prices rose in the morning and fell in the afternoon. Today the exact oppos...
Mon, Mar 1 2010, 4:14 PM
The week ahead is busy with the highest impacting report scheduled to be released on Friday morning. Reports from fellow mortgage professionals indica...
Mon, Mar 1 2010, 1:26 PM
Headlines cite strength in stocks as a function of Greece bailout developments. Gains are broad based though so we have to look deeper. I say the upti...
Fri, Feb 26 2010, 12:53 PM
Fri, Feb 26 2010, 10:33 AM
Fri, Feb 26 2010, 8:42 AM
Fri, Feb 26 2010, 4:58 PM
Fri, Feb 26 2010, 3:05 PM
Thu, Feb 25 2010, 11:44 AM
Trading in the bond market has been a tale of two objectives. On one hand dealers are trying to push prices lower (yields higher) ahead of $32 billion...
Thu, Feb 25 2010, 8:42 AM
The 3.625% coupon bearing 10 year TSY note is currently +0-15 at 99-29 yielding 3.639%. Lately I have been using Fibonacci retracements as a technica...
Thu, Feb 25 2010, 6:10 PM
Improvements over the course of the week have led mortgage rates back toward the lows of 2010. While floating is really tempting, if I only had one l...
Thu, Feb 25 2010, 5:28 PM
Thu, Feb 25 2010, 3:20 PM
Thu, Feb 25 2010, 1:03 PM
HIGH YIELD 3.078 PCT, 9.60 PCT OF BIDS AT HIGH
BID-TO-COVER RATIO 2.98, NON-COMP BIDS $35.2 MLN
PRIMARY DEALERS TAKE $13.57 BLN OF 7-YEAR NOTES ...
Wed, Feb 24 2010, 11:21 AM
We've heard all this already, not much new content to discuss. The market's main focus is on monetary policy. The Fed is going to keep the Fed Funds R...
Wed, Feb 24 2010, 8:38 AM
The market's quiet disposition this morning illustrates that most participants are waiting on Bernanke testimony. Speculative positions are set and sa...
Wed, Feb 24 2010, 5:07 PM
Wed, Feb 24 2010, 4:34 PM
I have been saying all year that mortgage rates will need some sort of major shift in economic outlooks if they are to fall below 4.75% again. A surp...
Wed, Feb 24 2010, 3:43 PM
Wed, Feb 24 2010, 1:50 PM
Note on the chart how the 10yr had been having it's longest battle (successfully until just now!) with support levels at 3.70. With that breakout, th...
Wed, Feb 24 2010, 1:21 PM
Tue, Feb 23 2010, 10:54 AM
Tue, Feb 23 2010, 7:59 AM
Weak econ data may add some short term correction momentum today...but the market is still largely short so this progress is more likely a function of...
Tue, Feb 23 2010, 5:49 PM
Yesterday was the first day in awhile that I advised floating overnight. It paid off today. If you are being offered 4.75% costing 1 discount point, I...
Tue, Feb 23 2010, 5:07 PM
Tue, Feb 23 2010, 3:26 PM
Tue, Feb 23 2010, 1:03 PM
Mon, Feb 22 2010, 11:49 AM
The interest rate market is still trying to rub the sleep from it's eyes. Trading volume is below average and many market watchers are doing just tha...
Mon, Feb 22 2010, 9:54 AM
Its a super busy week. While we see bargain buyers as a possible source of support for rising rates, we do not anticipate this will develop into a tre...
Mon, Feb 22 2010, 6:51 PM
It will be a very busy week of economic data releases and headline news events. We have casually discussed the idea of a short term float position. Th...
