Fri, Nov 6 2009, 11:29 AM
Fri, Nov 6 2009, 10:43 AM
While price action has been volatile so far this morning, MBS continue to hold in the middle of the recent trading range. Because the Employment re...
Fri, Nov 6 2009, 9:46 AM
The 10yr note yield just rose to 3.54%. Hopefully we get some short covering there and a reversal. Unfortunately this is having negative effects on "r...
Fri, Nov 6 2009, 8:33 AM
Oct Non-farm Payrolls Worse than Expected at -190,000 vs. consensus -175,000 vs. Sept -219,000 (previously -263,000). Unemployment Rate: 10.2% vs. con...
Fri, Nov 6 2009, 3:32 PM
In breaking news, it has been determined that today's NFP report was all an elaborate hoax that was never intended to have any effect on the markets b...
Thu, Nov 5 2009, 12:26 PM
When the yield curve steepens, it implies interest rates will be higher in the future. If interest rates are expected to increase in the next 10 years...
Thu, Nov 5 2009, 9:24 AM
After the data, the dollar index weakened, oil prices barely budged, same with Goooooooooollld, and S&P futures ticked higher after the data....curren...
Thu, Nov 5 2009, 2:04 PM
While the 10yr TSY note continues to extend yesterday's range, "rate sheet influential" MBS coupons continue to outpeform their benchmark big brothers...
Thu, Nov 5 2009, 1:15 PM
With the all important Employment Situation report due out tomorrow morning at 8:30am, floating remains risky. If the report is better than expected, ...
Wed, Nov 4 2009, 12:09 PM
Mortgage rates ticked higher yesterday as prices of mortgage backed securities were pressured lower by a selloff in the long end of the Treasury yield...
Wed, Nov 4 2009, 11:33 AM
MBS are a trading a tick higher or lower than unchanged on the day. That's 100-16 on the 4.5. Tsy's meanwhile are languishing, with the 10yr down 11...
Wed, Nov 4 2009, 9:15 AM
After morning data and the TSY refunding statement, the 2yr note yield continues to move higher, now trading at 0.936% while the 10yr TSY note is abov...
Wed, Nov 4 2009, 5:48 PM
The MBS AFTERNOON commentary was fairly robust. And you also have the write up on the Fed Announcement to read, so we'll keep the words to a minimum ...
Wed, Nov 4 2009, 2:21 PM
The FOMC Statement has been released...
As we expected no change to the all important "for an extended period" verbiage. Nonetheless the initial re...
Wed, Nov 4 2009, 1:38 PM
Looking at this in an historical context, in previous economic downturns when the labor market was a casualty, the FOMC did not raise the Fed Funds ra...
Tue, Nov 3 2009, 12:16 PM
Reports from fellow mortgage professionals indicate lender rate sheets to be similar to yesterday afternoon’s. This keeps the par 30 year conventiona...
Tue, Nov 3 2009, 11:16 AM
The 10yr TSY note yield is -0-07 at 101-16 yielding 3.446%....higher from opening levels, testing the upper boundaries of support (as discussed this ...
Tue, Nov 3 2009, 9:36 AM
We think the 10yr note is going to have major difficulty breaking through 3.38%, at the same time we anticipate rates will run higher after the FOMC m...
Tue, Nov 3 2009, 2:30 PM
And maybe we should also "make way" for tomorrow's refunding announcements as well? FOMC gets more attention (even from us), but some of today's weak...
Tue, Nov 3 2009, 1:21 PM
The 10yr TSY note is testing 3.50% and rate sheet influential MBS prices are moving lower. IF YOU DID NOT GET A REPRICE FOR THE WORSE ALREADY...you wi...
Mon, Nov 2 2009, 11:32 AM
The FN 4.0 is currently -0-04 at 98-17 yielding 4.153% while the FN 4.5 is trading -0-02 at 101-04 yielding 4.364%. The secondary market current cou...
Mon, Nov 2 2009, 8:26 AM
CIT Group filed for bankruptcy on Sunday, helping the bond market briefly improve in the the overnight session...however as the firm's failure was pri...
Mon, Nov 2 2009, 2:45 PM
As trader's prepare to mark their books at 3pm, stocks are off the lows, benchmark TSYs yields are moving higher, and rate sheet influential MBS coupo...
Mon, Nov 2 2009, 1:04 PM
Last week ended on positive note for mortgage backed securities and mortgage rates. As stock indexes fell, market participants re-allocated portfolios...
Fri, Oct 30 2009, 11:10 AM
Phew. I took a risk this morning and decided NOT to issue an ALERT when benchmark yields starting rising at 10:30.
In a choppy marketplace, when pr...
Fri, Oct 30 2009, 11:09 AM
Mortgage rates rose yesterday after a better than expected advance read on third quarter GDP sent benchmark yields higher early in the trading sessio...
Fri, Oct 30 2009, 8:33 AM
Fri, Oct 30 2009, 5:35 PM
Fri, Oct 30 2009, 3:47 PM
Heading into the 5pm 'LENDERS ARE REPRICING' marking period....the FN 4.0 is +0-14 at 98-20 yielding 4.143% and the FN 4.5 is trading +0-13 at 101-0...
Fri, Oct 30 2009, 2:13 PM
Thu, Oct 29 2009, 12:58 PM
Mortgage rates fell a few basis points yesterday as benchmark Treasury yields moved lower in the range. The extended rally in the rates market helped ...
Thu, Oct 29 2009, 11:43 AM
As the session has progressed, stocks have meandered higher and the benchmark rates market has consistently weakened as traders gladly welcomed the op...
Thu, Oct 29 2009, 8:57 AM
The bond market's reaction to 830AM data was not originator friendly. Cash market TSY yields are higher. The 10yr TSY note is trading -0-15 at 101-1...
Thu, Oct 29 2009, 6:00 PM
Thu, Oct 29 2009, 3:33 PM
Thu, Oct 29 2009, 1:45 PM
Thu, Oct 29 2009, 1:03 PM
Wed, Oct 28 2009, 11:28 AM
Following the seemingly bottomless rates selloff that occurred on Monday, benchmark Treasury and MBS prices underwent a corrective rally yesterday. Bu...
Wed, Oct 28 2009, 11:15 AM
The FN 4.0 is +0-10 at 98-15 yielding 4.159% while the FN 4.5 is trading 7/32nds higher at a bid of 100-30 yielding 4.387%. The secondary market curre...
Wed, Oct 28 2009, 9:34 AM
Currently the FN 4.0 is trading +0-04 at 98-09 yielding 4.178% and the FN 4.5 is +0-02 at 100-25 yielding 4.406%. The secondary market current coupon ...
Wed, Oct 28 2009, 5:35 PM
Wed, Oct 28 2009, 3:42 PM
