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...
Mon, Feb 22 2010, 6:11 PM
Mon, Feb 22 2010, 3:44 PM
Mon, Feb 22 2010, 1:57 PM
Fri, Feb 19 2010, 9:15 AM
While the Fed's gradual exit from money markets is another sign of positive economic progress off of historic lows, it does not change the fact that w...
Fri, Feb 19 2010, 6:41 PM
Reports from fellow mortgage professionals indicate higher rates this morning. The par 30 year conventional rate mortgage is in the 5.00% to 5.25% ra...
Fri, Feb 19 2010, 4:51 PM
Fri, Feb 19 2010, 1:01 PM
This is the PERFECT time to call attention to the most recent MBS WEEKLY . The Fed's decision to hike the discount rate illustrates why we think bench...
Thu, Feb 18 2010, 12:14 PM
Thu, Feb 18 2010, 11:24 AM
The FN 4.5 coupon has fallen further to the lows of the day at 100-10 as the benchmark 10 year treasury note has broken support and is currently at 3....
Thu, Feb 18 2010, 10:38 AM
Thu, Feb 18 2010, 8:46 AM
After opening to the upside, mortgages are now trading flat thanks to inflationary concerns in PPI data (if you need an explanation). The FN 4.0 is ...
Thu, Feb 18 2010, 5:33 PM
Thu, Feb 18 2010, 5:24 PM
Just like yesterday, mortgage rates moved higher at the open today...and then even higher later in the day as MBS prices fell further and lenders had ...
Thu, Feb 18 2010, 4:00 PM
Wed, Feb 17 2010, 12:02 PM
Wed, Feb 17 2010, 8:27 AM
Wed, Feb 17 2010, 5:13 PM
Wed, Feb 17 2010, 5:04 PM
After making marginal improvements yesterday, the interest rate market gave back all gains in the overnight session. This weakness was then supported ...
Wed, Feb 17 2010, 3:22 PM
Wed, Feb 17 2010, 2:01 PM
The main focus of MBS market watchers is policy maker discussions regarding the timing of asset sales. If the Fed starts to sell their MBS holdings "i...
Wed, Feb 17 2010, 1:16 PM
