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MBS Live Commentary

Over a decade and counting! Mortgage News Daily has provided daily MBS market commentary to the mortgage industry since 2007.

NEW MBS RECAP: Low Volume, Flat Afternoon At All-Time Highs

Mon, Jul 16 2012, 4:23 PM

MBS Live : MBS Afternoon Market Summary The lion's share of today's volume and movement in bond markets was seen in the first few hours of ...

NEW MBS MID-DAY: Weaker Into Fed Buyback, Stronger Out

Fri, Jul 13 2012, 11:32 AM

MBS Live : MBS Morning Market Summary Make no mistake that this morning's economic data has been of little to no concern to bond markets wh...

NEW The Day Ahead: Data and Events Die Down As Week Ends

Fri, Jul 13 2012, 8:28 AM

Fannie 3.0s saw what was probably their single biggest day of new TBA originations yesterday. In the opening alert on MBS Live, we said: "For MBS, to...

NEW MBS RECAP: Slightly Weaker, But Support Kicks In Late

Fri, Jul 13 2012, 4:12 PM

MBS Live : MBS Afternoon Market Summary Friday turned out to be the choppiest day of the week for production MBS, but like all the others, ...

NEW MBS MID-DAY: Keeping Pace With Treasuries Surprisingly Well

Thu, Jul 12 2012, 11:25 AM

MBS Live : MBS Morning Market Summary After an early concentration of new MBS Origination Supply, things have leveled off a bit a nd MBS ...

NEW The Day Ahead: Economic Data At Home And Abroad, Last Auction Of The Week

Thu, Jul 12 2012, 8:03 AM

Thursday continues the theme of increased activity that arrived yesterday. In the overnight session, there's a decent offering of European data and ...

NEW MBS RECAP: Bumpy Take-Off But Airborne And Cruising In The Afternoon

Thu, Jul 12 2012, 4:12 PM

MBS Live : MBS Afternoon Market Summary Money flowed into both sides of the market today wi th Equities set to go out higher and bond ...

NEW MBS MID-DAY: Holding Narrow Ranges Ahead Of 10yr Auction, FOMC Minutes

Wed, Jul 11 2012, 11:34 AM

MBS Live : MBS Morning Market Summary The European session proved to be of little concern to domestic bond markets that seem largely content to h...

NEW The Day Ahead: Economic Data, Relevant Treasury Auctions, and FOMC Minutes All Arrive Together

Wed, Jul 11 2012, 7:02 AM

Tuesday saw yet another uneventful day for bond markets, though a positive one. MBS were a hot commodity and benefited greatly from light supply and ...

NEW MBS RECAP: Weaker Into The Close Despite Killer Auction. Just A Head Fake?

Wed, Jul 11 2012, 4:13 PM

MBS Live : MBS Afternoon Market Summary It's interesting and perhaps a bit frustrating that a day with so much potential to motivate markets...

NEW MBS MID-DAY: More All Time Highs On An Uneventful Trading Day

Tue, Jul 10 2012, 11:23 AM

MBS Live : MBS Morning Market Summary It's a bit counterintuitive to think that MBS hitting all-time highs can occur in an "uneventful" ...

NEW The Day Ahead: Another Slow Day On Tap, MBS Prices Will Drop About A Quarter Point

Tue, Jul 10 2012, 8:27 AM

An argument could have easily been made yesterday morning that bond markets should have weakened a bit ahead of the upcoming auction cycle and in the ...

NEW MBS RECAP: Two Days In A Row Of Low Volume Rallying

Tue, Jul 10 2012, 4:10 PM

MBS Live : MBS Afternoon Market Summary In more ways than one, Tuesday has turned out to be a carbon copy of Monday. Once again we have MB...

NEW MBS MID-DAY: Slow Morning, Narrow Range, But Holding Modest Gains

Mon, Jul 9 2012, 11:32 AM

MBS Live : MBS Morning Market Summary With essentially nothing on tap for the first two days of the week with the exception of more of the ...

NEW The Week Ahead: Treasury Auctions, FOMC Minutes, And Class A MBS Settlement

Mon, Jul 9 2012, 8:16 AM

The week begins with Europe in focus as ECB President Mario Draghi testifies before the European Parliament to explain current policy in the wake of l...

NEW MBS RECAP: Uneventful Session Deposits MBS At All-Tim Highs

Mon, Jul 9 2012, 4:21 PM

MBS Live : MBS Afternoon Market Summary One day before July Fannie/Freddie 30yr Fixed MBS are retired, production coupons hit new all time...

NEW MBS MID-DAY: Drifting Higher After Initial Payrolls Pop

Fri, Jul 6 2012, 11:19 AM

MBS L ive : MBS Morning Market Summary Naturally, bond markets popped quickly into stronger territory following the worse-than-expected ...

NEW The Day Ahead: Employment Situation Dominates The Calendar

Fri, Jul 6 2012, 8:10 AM

There were some decent clues in yesterday's session as to how various outcomes of today's Employment Situation Report will motivate trade. The bigges...

NEW MBS RECAP: Coasting Out At All Time Highs

Fri, Jul 6 2012, 4:15 PM

MBS Live : MBS Afternoon Market Summary Apart from the NFP miss in the morning, little else transpired today. There was a good bounce high...

NEW MBS MID-DAY: Slightly Stronger After Volatile Morning

Thu, Jul 5 2012, 11:18 AM

MBS Live : MBS Morning Market Summary MBS, like Treasuries, began the day in stronger territory, about 7 ticks higher than Tuesday's latest lev...

NEW The Day Ahead: Lots Of Economic Data Ahead Of NFP Friday

Thu, Jul 5 2012, 8:25 AM

After being closed for Independence Day yesterday, markets return to a packed schedule of economic data this morning including the week's first major ...

NEW MBS RECAP: Smooth Sailing After Stormy Morning

Thu, Jul 5 2012, 4:13 PM

MBS Live : MBS Afternoon Market Summary In considering the "stormy morning" referenced in the title of today's recap, it's important to kee...

NEW MBS MID-DAY: Risk-On Trading And Tradeflows Putting Pressure On Bond Markets

Tue, Jul 3 2012, 11:22 AM

MBS Live : MBS Morning Market Summary The stock market is leading the charge higher for the "risk-on" trade. This normally puts some pressure on...

NEW The Day Ahead: Limited Data And An Early Close For Bond Markets

Tue, Jul 3 2012, 7:33 AM

The first day of the week and month served up a timely reminder about the importance of domestic economic data in what might otherwise seem to be a ma...

NEW MBS RECAP: Minimal Losses Ahead Of Holiday

Tue, Jul 3 2012, 4:18 PM

MBS Live : MBS Afternoon Market Summary Today was one of those trading sessions that had a more "incidental" feel to it, or perhaps it woul...

NEW MBS MID-DAY: Steady In Stronger Territory Following ISM

Mon, Jul 2 2012, 11:12 AM

MBS Live : MBS Morning Market Summary The big story of the morning is the ugly ISM Manufacturing numbers. At 49.7, today's ISM Purchasing ...

NEW The Week Ahead: Closed For The 4th, Then Employment Data Galore

Mon, Jul 2 2012, 8:11 AM

The week ahead is fairly straightforward in that there are no EU Summits, no major European elections, no Fed Policy decisions, and nothing else major...

NEW MBS RECAP: Benefiting From Weak ISM, Tapering Off Late

Mon, Jul 2 2012, 4:21 PM

MBS Live : MBS Afternoon Market Summary Although MBS and Treasuries began the day in slightly better territory, the bulk of the gains were ...

NEW MBS MID-DAY: Bouncing Back From EU Summit Weakness

Fri, Jun 29 2012, 11:27 AM

MBS Live : MBS Morning Market Summary Bond markets opened up moderately weaker and moved to what could be considered significantly weaker territo...

NEW MBS RECAP: Holding Ground Impressively Despite Down Day

Fri, Jun 29 2012, 4:16 PM

MBS Live : MBS Afternoon Market Summary After the June 20 th FOMC Announcement failed to coax bond markets out of their horizontal range...

NEW MBS MID-DAY: Better Volume, Limited Volatility, Stronger Territory

Thu, Jun 28 2012, 11:16 AM

MBS Live : MBS Morning Market Summary The title basically covers it... We've definitely seen an uptick in volume today, not necessarily in...

NEW The Day Ahead: EU Summit Arrives, Data Increases, Bond Markets Face Decisions

Thu, Jun 28 2012, 7:49 AM

Yesterday, we surmised that markets had bigger fish to fry than meager Pending Home Sales and Durable Goods reports or even the afternoon's 5yr Auctio...

NEW MBS RECAP: Bond Markets To Any Lurking Guidance Givers: "Your Move!"

Thu, Jun 28 2012, 4:10 PM

MBS Live : MBS Afternoon Market Summary Bond markets made their move today... The trend of convergence and consolidation on bond markets that...

NEW MBS MID-DAY: Rain, Nor Sleet, Nor Upbeat Data Can Stop The Sideways

Wed, Jun 27 2012, 11:14 AM

MBS Live : MBS Morning Market Summary Bond markets are every bit as reliable as the USPS slogan today in their determination to avoid rock...

NEW The Day Ahead: Last Day Of Indecision Before Bond Markets Must Begin To Decide

Wed, Jun 27 2012, 8:00 AM

Bond markets moved modestly weaker yesterday, helped along mostly by a technical 'unwillingness' for benchmark 10yr Treasuries to venture under 1.60 o...

NEW MBS RECAP: Supportive Sideways Slide Gives Way To Afternoon Gains

Wed, Jun 27 2012, 4:14 PM

MBS Live : MBS Afternoon Market Summary Earlier this morning, bond markets were under fire as MBS and Treasuries were backed up to recently suppo...

NEW MBS MID-DAY: On-Again Off-Again Morning Leads To Greener Pastures

Tue, Jun 26 2012, 11:13 AM

MBS Live : MBS Morning Market Summary It was an on-again off-again morning for markets as a "risk-on" tone--at least to a small degree--coa...

NEW The Day Ahead: Additional Guidance For The General Malaise Keeping Yields Low

Tue, Jun 26 2012, 7:02 AM

The first day of the week got off to an exceedingly uneventful start, albeit a positive one for bond markets. Summit-weary markets stashed cash rathe...

NEW MBS RECAP: Short Term Volatility Despite Flat Long Term Range

Tue, Jun 26 2012, 4:09 PM

MBS Live : MBS Afternoon Market Summary On the standard issue 2-day charts, MBS and Treasuries look to have experienced a rather volatile d...

NEW MBS MID-DAY: Week Begins Slowly, Steadily, And Holding Gains

Mon, Jun 25 2012, 11:13 AM

MBS Live : MBS Morning Market Summary It's been a tremendously uneventful morning so far following a tremendously uneventful overnight sess...

NEW The Week Ahead: Treasury Auctions, Busier Data Calendar, And EU Summit

Mon, Jun 25 2012, 7:46 AM

Whereas last week was stone silent with the exception of big headline pops courtesy of the FOMC, the current week lacks any of those superstar perform...

NEW MBS RECAP: Extremely Quiet Trading Day Leaves MBS In The Green

Mon, Jun 25 2012, 4:14 PM

MBS Live : MBS Afternoon Market Summary It took MBS a while to hit their highs of the day, but when they did-much like 10yr Treasuries--the...

NEW MBS MID-DAY: Outperforming As Treasuries Head For Sidelines

Fri, Jun 22 2012, 11:21 AM

MBS Live : MBS Morning Market Summary For what seems like the first time in a long time, Treasuries are the noticeable underperformer today in th...

NEW The Day Ahead: Empty Domestic Calendar Leaves EU In Focus

Fri, Jun 22 2012, 8:21 AM

Markets spent the day bouncing back from post-FOMC trading levels to pre-FOMC trading levels yesterday, but encountered well-defined resistance to fur...

NEW MBS RECAP: Outperforming Treasuries, But Slightly Weaker Overall

Fri, Jun 22 2012, 5:20 PM

MBS Live : MBS Afternoon Market Summary Afternoon trading was similar to morning trading for Treasuries, combining for an entire session of gradu...

NEW MBS MID-DAY: Paradise Lost, Then Found The Next Day

Thu, Jun 21 2012, 11:18 AM

MBS Live : MBS Morning Market Summary Yesterday may have been disconcerting for some MBS market watchers in the sense that recently attained and ...

NEW The Day Ahead: First Economic Data Of The Week, Just In Time To Be Relevant

Thu, Jun 21 2012, 7:35 AM

Just like the last major policy communication from the Fed, yesterday's FOMC Announcement served not so much to "change the game" but instead to more ...

NEW MBS RECAP: Almost Like FOMC Never Even Happened

Thu, Jun 21 2012, 4:15 PM

MBS Live : MBS Afternoon Market Summary Whether you want to chalk it up to the European markets dragging domestic markets down, vice vers...

NEW MBS MID-DAY: Bond Markets Remain Under Pressure From Overseas And Looming FOMC

Wed, Jun 20 2012, 11:22 AM

MBS Live : MBS Morning Market Summary Although MBS have outperformed Treasuries, and Treasuries have outperformed German Bunds , the latter ha...

NEW The Day Ahead: FOMC Announcement, Forecasts, and Press Conference

Wed, Jun 20 2012, 8:15 AM

Today is stone silent with the exception of the FOMC-related events, which are not only the most significant events of the week, but of the month as w...