Fri, Aug 24 2012, 8:27 AM
Another Friday and another opportunity for markets to "trade it out" rather than react to data and headlines. There's next to nothing on tap for th...
Fri, Aug 24 2012, 4:37 PM
MBS Live : MBS Afternoon Market Summary
While the namesake and the focus of our analysis is indeed MBS, we've often noted that 10yr Treasur...
Thu, Aug 23 2012, 11:19 AM
MBS Live : MBS Morning Market Summary
Essentially, the overnight session and morning trading have validated yesterday's post-FOMC Minutes...
Thu, Aug 23 2012, 7:10 AM
Wednesday's session gave us real reason to hope that the scariest endgame scenarios of the recent sell-off were just the boogie men we hoped they wo...
Thu, Aug 23 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
Long time readers of the commentary will know that we're not big fans of long term moving averages ...
Wed, Aug 22 2012, 11:53 AM
MBS Live : MBS Morning Market Summary
So bond markets are actually rallying... Yes, this seems like a long-forgotten concept, but a happy ...
Wed, Aug 22 2012, 8:07 AM
In yesterday morning's article, we discussed the recent consolidation of 10yr Treasury yields in the context of "Flag/Pennant" formations ( Read It ...
Wed, Aug 22 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Today was the day . It was the day when significant data returned to markets, when the technica...
Tue, Aug 21 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Somewhat disconcerting movement in bond markets this morning... The fact that we opened in weaker te...
Tue, Aug 21 2012, 8:00 AM
The week began with another sideways session for bond markets. Although MBS have outperformed somewhat in the last two session, 10yr yields have gone...
Tue, Aug 21 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
Things were much weaker and perhaps even a little scarier this morning as bond markets failed to br...
Mon, Aug 20 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
After Starting in weaker territory vs Friday's levels, MBS and Treasuries rallied back into positive ...
Mon, Aug 20 2012, 7:53 AM
If markets weren't so busy trying to convince us that interest rates hit their final iteration of all-time lows in late July, the week ahead would be ...
Mon, Aug 20 2012, 4:24 PM
MBS Live : MBS Afternoon Market Summary
After several weeks without European headlines to sink our teeth into, today's overnight session b...
Fri, Aug 17 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
At the risk of jinxing today's positive momentum, we still felt compelled to let you know that MBS an...
Fri, Aug 17 2012, 7:32 AM
No bones about it, markets have been buying hype. How many times since Greece became an everyday conversation piece in US Financial markets have we s...
Fri, Aug 17 2012, 4:13 PM
MBS Live : MBS Afternoon Market Summary
Today was probably the most unequivocally tame and slightly positive day for bond markets of the pas...
Thu, Aug 16 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please note...
Thu, Aug 16 2012, 8:00 AM
We had hoped to see 1.74% hold up as a supportive ceiling in 10yr yields during yesterday's session, but noted that the next major pivot would be arou...
Thu, Aug 16 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
To be sure, MBS made new lows today and scary ones at that. The 102-02 level for Fannie 3.0's was/is a...
Wed, Aug 15 2012, 11:46 AM
MBS Live : MBS Morning Market Summary
Another day, another chance to ratchet to the next higher technical pivot point for Treasury yields a...
Wed, Aug 15 2012, 8:26 AM
Bond markets tried very hard on Tuesday to convince us that "something" is happening. We've been more defensive than usual for over a week now and no...
Wed, Aug 15 2012, 4:10 PM
MBS Live : MBS Afternoon Market Summary
Another day in August and another sell-off for bond markets. This one was particularly large, high-vo...
Tue, Aug 14 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
Mondays and Fridays continued their recent tradition of appallingly low volume (8/6, 8/10, 8/13). Vo...
Tue, Aug 14 2012, 7:50 AM
Monday proved to be every bit as slow as expected in terms of volume but unfortunately also as volatile as such low-volume sessions can be. This isn'...
Tue, Aug 14 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
Whereas yesterday was one of the lowest volume trading sessions since April, today's was closer to...
Mon, Aug 13 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
MBS began the day in line with Friday's closing levels, just over 103-00 in the "production coupon" F...
Mon, Aug 13 2012, 8:02 AM
The week gets off to a slow start today with essentially nothing on tap for the domestic or European calendars save for a relatively inconsequential r...
Mon, Aug 13 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
It's not so much that low volume CAUSED MBS to fall, but rather, it provided an environment in whic...
Fri, Aug 10 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
Bond markets began today's rally yesterday afternoon following the 30yr Bond auction. Whether the bo...
Fri, Aug 10 2012, 8:31 AM
Thursday began in much weaker territory for bond markets as 10yr yields edged into the 1.7's for the first time since early June. Things were at thei...
Fri, Aug 10 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
Weaker Chinese Trade data overnight helped bond markets continue the bounce back that began after y...
Thu, Aug 9 2012, 11:25 AM
MBS Live : MBS Morning Market Summary
The losing streak continues for bond markets as Treasuries showed great determination to move weaker ...
Thu, Aug 9 2012, 8:20 AM
Bond markets continued selling off yesterday and are continuing to sell off so far in the overnight session. We're now into the high 1.6's ahead of t...
Thu, Aug 9 2012, 4:14 PM
MBS Live : MBS Afternoon Market Summary
A relief rally followed today's 30yr Bond Auction despite the auction itself being only average. ...
Wed, Aug 8 2012, 11:37 AM
MBS Live : MBS Morning Market Summary
MBS opened up a tick or two higher than yesterday's close and proceeded very gently higher into the 1...
Wed, Aug 8 2012, 8:13 AM
Europe moved further into a "risk-on" stance yesterday where a combination of lesser events and pieces of news combined in a unified push to weaker le...
Wed, Aug 8 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Today may turn out to be one of the last few bits of weakness before bond markets finally put their fo...
Tue, Aug 7 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
Market participants as well as the trends in trading levels all to ok the day of yesterday, but at...
Tue, Aug 7 2012, 6:07 AM
Monday's volume was as light as it's been since early April. Markets took a breather following the intense events on the last three days of the previ...
Tue, Aug 7 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
Bond markets were increasingly punished during the late overnight session as Europe essentially sen...
Mon, Aug 6 2012, 11:37 AM
MBS Live : MBS Morning Market Summary
It's completely dead out there. Sometimes we see days/weeks like this ahead on the calendar and can ...
Mon, Aug 6 2012, 8:20 AM
Compared to last week, which boasted several major central bank policy announcements and the jobs report, the week ahead is a relative ghost town in t...
Mon, Aug 6 2012, 4:21 PM
MBS Live : MBS Afternoon Market Summary
"Inside Day" is a term that is occasionally used to denote market movement that is relatively more ...
Fri, Aug 3 2012, 12:16 AM
Central banks have failed to incite lasting motivation for bond markets to abandon their low, sideways depression. Mario Draghi's comments about doin...
Fri, Aug 3 2012, 11:36 AM
MBS Live : MBS Morning Market Summary
There are clearly visible players as well as 'behind the scenes' players involved in a rather brisk s...
Fri, Aug 3 2012, 4:31 PM
MBS Live : MBS Afternoon Market Summary
Relative to the past two months of relatively tame day-over-day movement
and relatively light vol...
Thu, Aug 2 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
A week after ECB President Mario Draghi's strongly worded rhetoric prompted a rally in the Euro and ...
Thu, Aug 2 2012, 7:34 AM
After Wednesday's FOMC Announcement failed to motivate markets much, the onus falls even more clearly on today's ECB announcement. This was already p...
Thu, Aug 2 2012, 4:25 PM
MBS Live : MBS Afternoon Market Summary
Today's ECB headlines lived up to their potential at least in one way: they created volume and vola...
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