Tue, Feb 8 2011, 3:36 PM
February Fannie and Freddie 30 year fixed MBS coupon have begun the
settlement process and it will soon look like MBS prices just plummeted (more th...
Tue, Feb 8 2011, 1:19 PM
Treasury just auctioned $32 billion 3-year notes .
The
bid to cover ratio was a below average 3.01 bids submitted for every 1
accepted by T...
Mon, Feb 7 2011, 11:23 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
93-13 : -0-11
...
Mon, Feb 7 2011, 9:25 AM
We're not ready to pass sole possession of the production coupon
title belt onto the 5.0 30yr MBS coupon just yet but lock desks are
decidedly mor...
Mon, Feb 7 2011, 8:51 AM
The week is ahead is relatively slim on macroeconomic data. The
highlights may be the several speeches from Federal Reserve officials,
including B...
Mon, Feb 7 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Mon, Feb 7 2011, 2:38 PM
In what we would describe as a generally slow, dateless Monday
trading session, the benchmark 10yr TSY note is at its lowest yield
levels of the d...
Fri, Feb 4 2011, 11:23 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Fri, Feb 4 2011, 11:14 AM
You're likely already aware that the reaction to NFP hasn't been good
for the bond market. The market's pre-data short position has made it
easy f...
Fri, Feb 4 2011, 8:38 AM
The unemployment rate fell by 0.4 percentage point to 9.0 percent in
January, while nonfarm payroll employment changed little (+36,000), the
U.S. ...
Fri, Feb 4 2011, 8:24 AM
Key Events Today: 8:30 ― Expectations are pretty humble for the January Nonfarm Payrolls
report. The median forecast is for 145k new jobs, beati...
Fri, Feb 4 2011, 4:43 PM
After 7-weeks of consolidation, stored energy was finally released.
The range has been broken. Yay. We were all growing tired and suffering
greatl...
Fri, Feb 4 2011, 4:23 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Thu, Feb 3 2011, 12:44 PM
Plain and Simple : The economic recovery is progressing but not
fast enough. We're leaving behind the housing and labor markets. Cost
push inflat...
Thu, Feb 3 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
94-16 : -0-04
...
Thu, Feb 3 2011, 8:47 AM
If you've been a long time MBS Commentary reader you know we had an
ax to grind on labor productivity and its impact on hiring trends. Many
econo...
Thu, Feb 3 2011, 8:15 AM
Stocks and bonds are both getting beat up as investors look ahead to
ISM services data, a new jobless claims report, productivity figures,
and com...
Thu, Feb 3 2011, 5:18 PM
The 4.875 sweet spot on C30 rate sheets didn't really changed much
when benchmarks traded between 3.3 and 3.50. But outside those marks
(3.56 is a...
Thu, Feb 3 2011, 4:19 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Wed, Feb 2 2011, 11:24 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
94-24 : -0-05
...
Wed, Feb 2 2011, 10:01 AM
Regardless of Mother Nature's unknown statistical influence on this
data, the overall payroll trend is obvious....IT'S POSITIVE.
Clearly
the H...
Wed, Feb 2 2011, 8:06 AM
Treasuries detached from the stock lever yesterday and the rates
range was reinforced as benchmarks benefiited from supportive bargain
buying and ...
Wed, Feb 2 2011, 4:24 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Wed, Feb 2 2011, 2:35 PM
The outer limits of the recent range are being tested.
The range has been the range for more than a month now. This range
has been 3.30 to 3.50% ...
Tue, Feb 1 2011, 11:16 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Tue, Feb 1 2011, 10:01 AM
ISM data is important because it's one of the first chances we get to
gauge economic activity in the most recent month. It sorta sets the
tone for...
Tue, Feb 1 2011, 8:31 AM
Benchmark interest rates suffered yesterday as "flight to safety"
funds were unwound from U.S. Treasuries and reallocated into equity
markets.
...
Tue, Feb 1 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
94-27 : -0-16
...
Tue, Feb 1 2011, 2:29 PM
It's important to learn to recognize the signs... You might feel
tired, cranky, sarcastic, dismissive, or just plain sad. In some cases,
you cou...
Mon, Jan 31 2011, 12:44 PM
The stock lever is exerting originator unfriendly pressures on benchmark Treasuries today.
As stocks recover from last Friday's sell-off, invest...
Mon, Jan 31 2011, 11:23 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
95-16 : -0-01
...
Mon, Jan 31 2011, 8:51 AM
Turmoil in Egypt and the broader middle-east continues to weigh on
investors. As riots broke out late last week, U.S. equity markets saw
their ste...
Mon, Jan 31 2011, 4:18 PM
MBSonMND : MBS RECAP
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FNMA 3.5
...
Fri, Jan 28 2011, 11:19 AM
MBSonMND : MBS MID-DAY
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FNMA 3.5
...
Fri, Jan 28 2011, 10:38 AM
Although the 74.2 reading on Consumer Sentiment was slightly higher
than consensus estimates of 73.2, the fact that it did not beat the 74.5
Decem...
Fri, Jan 28 2011, 8:28 AM
A slim gain pushed the benchmark S&P 500 to its highest level since
August 2008 yesterday. On the final day of the week, equities are
improved eve...
Fri, Jan 28 2011, 4:19 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Fri, Jan 28 2011, 1:04 PM
Concurrent with a 1.4% stock sell off and civil unrest abroad,
benchmark Treasuries have benefitted from a flight to safety. This has
led "rate sh...
Thu, Jan 27 2011, 11:18 AM
MBSonMND : MBS MID-DAY
Open MBSonMND Dashboard
FNMA 3.5
...
Thu, Jan 27 2011, 8:28 AM
Interest rates are up and equity futures are slightly improved this
morning after Standard & Poor’s cut Japan’s sovereign credit rating
one notch ...
Thu, Jan 27 2011, 5:36 PM
So we picked up the rocks and moved them to the other side of the room
today. Tomorrow we’ll probably just move the rocks back to the other
side ...
Thu, Jan 27 2011, 4:16 PM
MBSonMND : MBS RECAP
Open MBSonMND Dashboard
FNMA 3.5
...
Thu, Jan 27 2011, 1:51 PM
Treasury hs successfully auctioned $29 bln 7 year notes ( Full Results ).
After yesterday's better-than-expected turnout amount indirect bidder...
Wed, Jan 26 2011, 11:27 AM
In other words, bonds could trade in any direction this morning without implying anything about how they will trade after FOMC.
Wed, Jan 26 2011, 11:19 AM
Yields moved higher after the New Home Sales report, but failed to break through what we'd consider a nominal morning target around 3.40. It's possibl...
Wed, Jan 26 2011, 8:16 AM
Looking ahead to new homes sales data and the release of the FOMC statement this afternoon, interest rates are moving higher and equity futures are r...
Wed, Jan 26 2011, 4:20 PM
The OTR market doesn't necessarily tell as clear of a story at the moment as 10yr futures. The picture there is clear, as we see both days contain a s...
Wed, Jan 26 2011, 2:50 PM
The bond market did not see "no news" as "good news". Benchmark 10 year TSY notes are teetering on a move through 3.42% support that might lead to ano...
Wed, Jan 26 2011, 1:46 PM
Treasury successfully auctioned $35 bln in 5 year notes (Full Results). Demand was strong, and the high yield was a bit lower than when-issued yields...
Tue, Jan 25 2011, 11:18 AM
Although traders were quick to book a profit and sell short the 10 year note after a much stronger than expected read on Consumer Confidence, the mid-...
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