Wed, May 23 2012, 4:08 PM
MBS Live : MBS Afternoon Market Summary
Once again bond markets came into the session at better levels achieved during overnight trading. In f...
Tue, May 22 2012, 11:28 AM
MBS Live : MBS Morning Market Summary
Bond markets continue trying to hold their ground so far this morning against what, thus far, looks t...
Tue, May 22 2012, 10:49 PM
As noted in the MBS RECAP, yesterday was basically spent bouncing back from overnight weakness. The weakness itself was somewhat frustrating in that ...
Tue, May 22 2012, 8:00 AM
Overnight volume leading into yesterday's session made it seem like it might turn out surprisingly strong, but Treasury trading around 4am New York ti...
Tue, May 22 2012, 4:22 PM
MBS Live : MBS Afternoon Market Summary
MBS spent the day doing battle with weakness from the overnight session, and were certainly success...
Mon, May 21 2012, 11:21 AM
MBS Live : MBS Morning Market Summary
With the passing of the 10:15-11:00am scheduled "Operation Twist" buying from the Fed, we now know w...
Mon, May 21 2012, 4:15 PM
MBS Live : MBS Afternoon Market Summary
Bo nd markets continued the process of leveling off after hitting their strongest levels on 5/17....
Sun, May 20 2012, 7:52 PM
The line-up of economic data in the week ahead is one of the lightest of the year. Monday is essentially data-free. The following two days of the we...
Fri, May 18 2012, 11:22 AM
MBS Live : MBS Morning Market Summary
As the trading day progresses, things are shaping up to be increasingly uneventful even though MBS ar...
Fri, May 18 2012, 4:16 PM
MBS Live : MBS Afternoon Market Summary
104-16 Turned out to be an important level for Fannie 3.5's today. There's more than the usual amo...
Thu, May 17 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
The main market-mover of the morning was the release of the Philadelphia Fed Survey, the chief component of...
Thu, May 17 2012, 11:22 PM
With so many unprecedented and hefty considerations, markets might enjoy today's complete absence of scheduled economic data as some sort of chance to...
Thu, May 17 2012, 8:07 AM
If the calendar of upcoming events and y'day's volume are any indication, it's possible that Wednesday was the climactic final scene before the interm...
Thu, May 17 2012, 4:45 PM
MBS Live : MBS Afternoon Market Summary
Two of our favorite made-up terms joined forces today to carry MBS to yet another all-time high and 10...
Wed, May 16 2012, 11:30 AM
MBS Live : MBS Morning Market Summary
The main market-mover this morning was a CNBC interview with Angela Merkel . In it, the German cha...
Wed, May 16 2012, 8:10 AM
Wednesday looks to be a different animal than Tuesday's rather logical and well-contained session. Yesterday boasted one of the highest concentration...
Wed, May 16 2012, 4:11 PM
MBS Live : MBS Afternoon Market Summary
We characterized yesterday as "logical and well contained" with the benefit of some hindsight. Whil...
Wed, May 16 2012, 2:15 PM
One of the themes discussed at the MBA’s recent conference in New York was the idea of “a merger” of the mortgage-backed securities issued by Fannie...
Tue, May 15 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
Fewer mornings this year have been busier from an economic data standpoint, and that fact will be ap...
Tue, May 15 2012, 7:08 AM
Today's data includes Retail Sales, The Consumer Price Index, and The Empire State Manufacturing survey... And that's just the 8:30am time slot! Tre...
Tue, May 15 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Today we got to see just how inconsequential our domestic data can be in the face of global financi...
Mon, May 14 2012, 11:26 AM
MBS Live : MBS Morning Market Summary
Fundamentally, little has changed over the weekend or this morning as markets continue flying holding...
Mon, May 14 2012, 8:58 AM
What had been an overwhelmingly narrow and orderly month-long rally in Treasuries got a moderate dose of volatility last week as Greece took center st...
Mon, May 14 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Put another hash mark on the wall in the "uneventful, sideways trading day at all-time highs for M...
Fri, May 11 2012, 11:26 AM
MBS Live : MBS Morning Market Summary
By now it should be reasonably understood that there is no hard and fast rule that says stock prices ...
Fri, May 11 2012, 7:31 AM
The pace of data and events slows down appreciably today as the Treasury Auction cycle, MBS settlement, and most of the week's economic data is behind...
Fri, May 11 2012, 4:20 PM
MBS Live : MBS Afternoon Market Summary
Volume was fairly light today for MBS and Treasuries alike. Both were more keen to take the casual obse...
Thu, May 10 2012, 11:47 AM
MBS Live : MBS Morning Market Summary
We don't say the following in an attempt to be funny, but markets are flat again. It feels like we continu...
Thu, May 10 2012, 7:53 AM
History was made on Wednesday as the US Treasury assigned it's first ever 1.75% coupon to a 10yr Treasury auction. That's more of a piece of water-co...
Thu, May 10 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
After days and days watching MBS get ground into the ceiling at all-time highs despite falling Trea...
Wed, May 9 2012, 11:24 AM
MBS Live : MBS Morning Market Summary
MBS and Treasuries both opened up at strong levels, the former at all-time highs, and the latter at the lo...
Wed, May 9 2012, 8:02 AM
Tuesday wasn't a good day to be MBS, at least not compared to Treasuries. We began the session with less by way of overnight improvements, gained les...
Wed, May 9 2012, 4:19 PM
MBS Live : MBS Afternoon Market Summary
This may be the last time we get to say this for a while but MBS--particularly
Fannie 3.5's--just...
Tue, May 8 2012, 11:23 AM
MBS Live : MBS Morning Market Summary
New All Time Highs For MBS!!!! Wait... It's sort of anti-climactic really. Rate sheets aren't much ...
Tue, May 8 2012, 8:40 AM
Diligent readers of this commentary might ask themselves: "I wonder if those guys know how much FLAT, DEAD, BORING, and SIDEWAYS has been in the comme...
Tue, May 8 2012, 4:12 PM
MBS Live : MBS Afternoon Market Summary
In the intermediate term (about a month, perhaps), MBS have been utterly and completely outperforme...
Mon, May 7 2012, 11:29 AM
MBS Live : MBS Morning Market Summary
Without anything else on the calendar and the more significant European-election-inspired convulsions...
Mon, May 7 2012, 4:18 PM
MBS Live : MBS Afternoon Market Summary
Monday turned out to be a non-starter as MBS and Treasuries spent another day doing their favorite activi...
Sun, May 6 2012, 6:27 PM
This week's data calendar is exceptionally light with the exception of Fed speakers and a round of Treasury Auctions. The Fed-speak could prove somew...
Fri, May 4 2012, 11:20 AM
MBS Live : MBS Morning Market Summary
All the vital details are pretty much covered in the updates and featured comments below. NFP came in weak...
Fri, May 4 2012, 7:24 AM
The extent to which bond markets have been able to maintain a narrow range since the previous INFP has been nothing short of impressive. Certainly, n...
Fri, May 4 2012, 4:23 PM
MBS Live : MBS Afternoon Market Summary
Hitting all time highs in production MBS never felt so uneventful... In fact, it almost felt like ...
Thu, May 3 2012, 11:16 AM
MBS Live : MBS Morning Market Summary
The day started off with a reasonably challenging tone for bond markets. Even now, 10yr yields are u...
Thu, May 3 2012, 7:54 AM
Wednesday began in slightly better territory right from the outset as the European debt helped US Treasuries kick off the session with about half of T...
Thu, May 3 2012, 4:17 PM
MBS Live : MBS Afternoon Market Summary
This morning LOOKED like it might buck the trend and actually provide some semblance of directional...
Wed, May 2 2012, 11:15 AM
MBS Live : MBS Morning Market Summary
The headline above is carefully chosen. At first blush, we might consider this morning's stronger bo...
Wed, May 2 2012, 7:40 AM
Market response to ADP's report on private payrolls is about as "hit or miss" as its short term correlation with NFP private payrolls component. Inte...
Wed, May 2 2012, 4:44 PM
MBS Live : MBS Afternoon Market Summary
++INSERT COMMENTARY HERE++
MBS Pricing Snapshot
Pricing shown below is delayed, please no...
Wed, May 2 2012, 2:12 PM
At current near-record levels of consumer mortgage rates, and with MBS prices grinding higher, a natural question is whether rates are poised to p...
Tue, May 1 2012, 11:08 AM
MBS Live : MBS Morning Market Summary
Following yesterday's weaker-than-expected Chicago PMI report, markets were geared up for a similar...
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