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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 The Day Ahead: Initial Claims, Productivity, Treasury Supply, Fed Speak

Thu, Mar 3 2011, 8:29 AM

Interest rates have yet to recover from the sell-off that played out following the release of the Fed's Beige Book yesterday afternoon. Stocks on ...

NEW Employment Situation Report Preview and Outlook

Thu, Mar 3 2011, 5:41 PM

The bond market has effectively been rallying since the 10th of February. There are two ways to look at that rally, as either CORRECTIVELY BEARISH...

NEW MBS RECAP: Reprices for the Worse Reported

Thu, Mar 3 2011, 4:16 PM

MBSonMND : MBS RECAP Open MBSonMND Dashboard FNMA 3.5 93-18 : -0-17 ...

NEW Inflation Expectations Distorted by Bullish Perspectives of Reality

Thu, Mar 3 2011, 4:10 PM

"Inflation is always and everywhere a monetary phenomenon" - Milton Friedman Milton Friedman's statement theorizes that the source of all inflatio...

NEW Rate Techs: Neutrality Found Just Before High-Risk Event.

Thu, Mar 3 2011, 2:10 PM

On days like today directional debates run rampant over "what's happening" and "what's going to happen" in the bond market. AQ saved me quite a b...

NEW MBS MID-DAY: Stock Lever Tempers MBS Rally

Wed, Mar 2 2011, 11:19 AM

MBSonMND : MBS MID-DAY Open MBSonMND Dashboard FNMA 3.5 94-13 : -0-04 ...

NEW The Day Ahead: ADP Jobs Data, Bernanke Encore, Beige Book

Wed, Mar 2 2011, 8:12 AM

Production MBS coupons and benchmark Treasuries benefited from a continued flight to safety yesterday. Sparked by short covering in the interest r...

NEW MBS RECAP: 3/2/2011

Wed, Mar 2 2011, 4:20 PM

MBSonMND : MBS RECAP Open MBSonMND Dashboard FNMA 3.5 ...

NEW Beige Book Recap. Reprices Possible as MBS Get Sloppy

Wed, Mar 2 2011, 3:19 PM

Following the 2pm release of the Fed's Beige Book, bonds are weaker and stocks are near their highs of the day, which really isn't all that high. ...

NEW MBS Stabilize as Stocks Lose Steam. Reprice Target Near

Tue, Mar 1 2011, 12:59 PM

From yesterday's 5pm going out marks at 101-29, FNCL 4.5's fell as low as 101-18 this morning. But after two decent showings of support, theyv'e gai...

NEW MBS MID-DAY: Off the Lows. Support Holds

Tue, Mar 1 2011, 11:19 AM

MBSonMND : MBS MID-DAY Open MBSonMND Dashboard FNMA 3.5 94-07 : -0-09 ...

NEW The Day Ahead: Rates Rise Before Bernanke. U.S. Says Gaddafi Must Go

Tue, Mar 1 2011, 8:22 AM

Stocks rallied around the globe in overnight trading and interest rates suffered in the process. The NIKKEI closed 1.22% higher. The Shanghai C...

NEW MBS RECAP: Losses Recovered. Reprices Reported

Tue, Mar 1 2011, 4:19 PM

MBSonMND : MBS RECAP Open MBSonMND Dashboard FNMA 3.5 94-19 : +0-04 ...

NEW MBS MID-DAY: Quiet Session So Far

Mon, Feb 28 2011, 11:19 AM

MBSonMND : MBS MID-DAY Open MBSonMND Dashboard FNMA 3.5 94-16 : +0-01 ...

NEW The Week Ahead: Jobs, Bernanke, Government Shutdown, Unrest in Middle East

Mon, Feb 28 2011, 8:24 AM

It's a busy week in terms of new economic data and events. Fed Chairman Bernanke will share his semi-annual update on the status of the economy an...

NEW MBS RECAP: Tight Range All Day

Mon, Feb 28 2011, 4:19 PM

MBSonMND : MBS RECAP Open MBSonMND Dashboard FNMA 3.5 94-15 : -0-01 ...

NEW MBS MID-DAY: Stocks and Bonds Rally

Fri, Feb 25 2011, 11:18 AM

MBSonMND : MBS MID-DAY Open MBSonMND Dashboard FNMA 3.5 94-14 : +0-09 ...

NEW The Day Ahead: Testing the Flight to Safety

Fri, Feb 25 2011, 8:31 AM

We'll get a better idea today about whether or not the recent bond market rally has been totally a factor of a flight to safety or if there really...

NEW MBS Directional Update: Compelling Cases Presented

Fri, Feb 25 2011, 4:23 PM

On Tuesday we issued a directional MBS alert because the bond market seemed to be in the midst of shift in its underlying technical bias, from bea...

NEW MBS RECAP: Going Out at Best Levels of Week

Fri, Feb 25 2011, 4:18 PM

MBSonMND : MBS RECAP Open MBSonMND Dashboard FNMA 3.5 94-12 : +0-07 ...

NEW MBS Rally Holds Steady Despite Strength in Equities

Fri, Feb 25 2011, 1:44 PM

Since the last piece of economic data for the week was released at 9:55am, MBS have been in rally mode, recently meeting resistance at their highe...

NEW MBS MID-DAY: Tight Range Ahead of Auction

Thu, Feb 24 2011, 11:18 AM

MBSonMND : MBS MID-DAY Open MBSonMND Dashboard FNMA 3.5 94-06 : +0-06 ...

NEW The Day Ahead: Durable Goods, Jobless Claims, New Home Sales, $29bn 7s

Thu, Feb 24 2011, 8:25 AM

The 10-year Treasury note traded in a yield range of 3.49% to 3.44% overnight, after giving up three basis points and closing at 3.49% yesterday. Rat...

NEW MBS RECAP: Just Off the Highs

Thu, Feb 24 2011, 4:18 PM

MBSonMND : MBS RECAP Open MBSonMND Dashboard FNMA 3.5 94-06 : +0-06 ...

NEW $29bn 7s: Decent Demand. More Reprices for Better Possible

Thu, Feb 24 2011, 1:48 PM

$29bn 7s: Indirects close to average. Dealers make up for light direct bid. BTC near average. High yield 5bps thru 1pm WI. Not bad, not bad. ...

NEW MBS Rally Targets: Battling Profit Takers and Short Sellers

Wed, Feb 23 2011, 11:28 AM

As we discussed yesterday, the momentum that has been negative for benchmark Treasuries and production MBS coupons throughout February... may be s...

NEW MBS MID-DAY: Near Intraday Highs

Wed, Feb 23 2011, 11:22 AM

MBSonMND : MBS MID-DAY Open MBSonMND Dashboard FNMA 3.5 94-04 : +0-02 ...

NEW The Day Ahead: Existing Home Sales, $35 Billion 5s, Fed Speak

Wed, Feb 23 2011, 8:38 AM

Equity futures are rebounding after anti-government riots in oil-rich Libya initiated the worst single-day sell-off since August yesterday. As s...

NEW MBS RECAP: 2/23/2011

Wed, Feb 23 2011, 4:22 PM

MBSonMND : MBS RECAP Open MBSonMND Dashboard FNMA 3.5 ...

NEW $35bn 5s: Bidders Pass on Expensive Issue. Rates Test Support

Wed, Feb 23 2011, 1:38 PM

My latest tweet (AQ_MND) : $35bn 5s not so hot. Tailed 1pm by 3bps, BTC on weak side, Dealers take 58.2%. Directs and Indirects reduce tenders an...

NEW MBS MID-DAY: 2/22/2011

Tue, Feb 22 2011, 11:17 AM

MBSonMND : MBS MID-DAY Open MBSonMND Dashboard FNMA 3.5 ...

NEW The Week Ahead: Flight to Safety in Process

Tue, Feb 22 2011, 8:55 AM

Equity futures are sharply lower as the week begins following an earthquake in New Zealand, a possible credit downgrade to Japan, and continued un...

NEW MBS RECAP: Reprices Reported

Tue, Feb 22 2011, 4:17 PM

MBSonMND : MBS RECAP Open MBSonMND Dashboard FNMA 3.5 94-03 : +0-20 ...

NEW Directional MBS Alert: Bond Market Builds Case for Lower Rates

Tue, Feb 22 2011, 1:51 PM

The bond market seems to be in the midst of technical shift in the underlying technical bias, from bearish to bullish. We've observed much short c...

NEW MBS MID-DAY: 2/18/2011

Fri, Feb 18 2011, 11:22 AM

MBSonMND : MBS MID-DAY Open MBSonMND Dashboard FNMA 3.5 ...

NEW The Day Ahead: G20 Takes on Global Imbalances, Inflation

Fri, Feb 18 2011, 8:34 AM

The bellwether 10-year Treasury is yielding 3.59% this morning, after firming five basis points to 3.57% on Thursday. Equity futures are flat this ...

NEW MBS RECAP: 2/18/2011

Fri, Feb 18 2011, 4:17 PM

MBSonMND : MBS RECAP Open MBSonMND Dashboard FNMA 3.5 ...

NEW MBS MID-DAY: 2/17/2011

Thu, Feb 17 2011, 11:17 AM

MBSonMND : MBS MID-DAY Open MBSonMND Dashboard FNMA 3.5 ...

NEW With The Week's Data In, Bonds Rally. MBS Much Better.

Thu, Feb 17 2011, 10:51 AM

Lots of econ data came out this morning and for the most part has had good effects on the bond market as a whole, including MBS. FNCL 4.5's are u...

NEW The Day Ahead: Bond Markets Rally In Early Trading

Thu, Feb 17 2011, 9:22 AM

The bellwether 10-year Treasury remained stable at 3.62% on Wednesday. Overnight it firmed one basis point to 3.61%. The two-year note currently y...