Mon, Dec 28 2009, 10:40 AM
While "real money" (indirect at least) will most likely be the main source of a supportive bid in TSYs this week, the majority of market participants ...
Mon, Dec 28 2009, 5:15 PM
Mon, Dec 28 2009, 1:07 PM
Treasury has just auctioned $44 billion 2 yr notes. The high yield was slightly above the 1pm current market bid ("when issued"), stopping out at 1.08...
Thu, Dec 24 2009, 9:44 AM
Thu, Dec 24 2009, 2:12 PM
Wed, Dec 23 2009, 11:34 AM
Oh...and by the way. "Rate sheet influential" MBS prices are FALLING FAST!
The FN 4.0 is now +0-06 at 97-04 yielding 4.273% and the FN 4.5 is +0-06 a...
Wed, Dec 23 2009, 8:38 AM
In VERY VERY light overnight trading, the 3.375% semi-annual coupon paying 10yr TSY note moved higher in price and lower in yield. Rates were mostly ...
Wed, Dec 23 2009, 5:18 PM
Wed, Dec 23 2009, 4:09 PM
Wed, Dec 23 2009, 2:04 PM
Tue, Dec 22 2009, 12:24 PM
Tue, Dec 22 2009, 10:05 AM
The rates market is extending early session losses thanks to a better than expected Existing Home Sales print.
The 3.375 coupon bearing 10yr TSY no...
Tue, Dec 22 2009, 9:00 AM
Tue, Dec 22 2009, 4:51 PM
Two days... Two catastrophic beatings for bonds. And I keep looking up at the stock chart and it still looks like the top of Bart Simpson's head... ...
Tue, Dec 22 2009, 3:42 PM
Mon, Dec 21 2009, 11:52 AM
Mon, Dec 21 2009, 9:49 AM
Most borrowers have already locked in and many have actually already closed. Who wants to deal with a loan closing at this time of year? My main goa...
Mon, Dec 21 2009, 5:32 PM
Mon, Dec 21 2009, 3:54 PM
Mon, Dec 21 2009, 1:59 PM
Rate sheet rebate is worse. I am watching the market but I am not really too focused on it to be honest. More or less I have decided to use this time ...
Fri, Dec 18 2009, 12:57 PM
Although not far removed from the tight range that has held all day, the FN 4.5 is at session lows. Considering it's a Friday and many lock desks are ...
Fri, Dec 18 2009, 11:10 AM
Fri, Dec 18 2009, 8:58 AM
Treasuries gave back some gains overnight. Several explanations could be offered but I think the most relevant observation continues to be "selling in...
Fri, Dec 18 2009, 5:39 PM
Fri, Dec 18 2009, 2:41 PM
Thu, Dec 17 2009, 11:29 AM
It got a little choppy after the Philly Fed Index release was much better than expected, I actually almost issued an alert because I noticed activity ...
Thu, Dec 17 2009, 9:11 AM
Yields are lower this morning following a worse than expected read on the labor market. This is most likely a function of SHORT COVERING after the dat...
Thu, Dec 17 2009, 5:32 PM
Thu, Dec 17 2009, 4:08 PM
Both benchmark Treasuries and "rate sheet influential" MBS coupons fared well today, albeit in light volume but that is neither here nor there if you ...
Thu, Dec 17 2009, 2:04 PM
Wed, Dec 16 2009, 10:37 AM
I have been referring to "Real Money Buyers" on a consistent basis lately.
Heading into year end these "real money accounts" have been the most act...
Wed, Dec 16 2009, 8:31 AM
Consumer level inflation was "on the screws" while Building Permits were better than expected. 10s havent made much progress in either direction after...
Wed, Dec 16 2009, 5:10 PM
Wed, Dec 16 2009, 3:30 PM
Wed, Dec 16 2009, 2:24 PM
The FOMC's most meaningful tweak has been an upgrade to the labor market - "economic activity has continued to pick up and that the deterioration in t...
Wed, Dec 16 2009, 1:16 PM
I do believe a Fed Statement that highlights SUBSTANTIAL RESOURCE SLACK and STILL WEAK INFLATIONARY PRESSURES will be beneficial to the bond market......
Tue, Dec 15 2009, 11:04 AM
10s have made a move to the 3.62% pivot point, if you recall both 3.57% and 3.62% were out targets following the Labor report bond market selloff. Tha...
Tue, Dec 15 2009, 8:33 AM
Tue, Dec 15 2009, 5:50 PM
Lawmakers aiming to speed development of U.S. covered bonds on Tuesday positioned the securities as an alternative or supplement to mortgage funding p...
Tue, Dec 15 2009, 5:34 PM
"No one knows what tomorrow's FOMC statement will contain, and no one knows how friendly or unfriendly to any given market it would need to be to gaug...
Tue, Dec 15 2009, 4:01 PM
Tue, Dec 15 2009, 1:46 PM
Mon, Dec 14 2009, 12:03 PM
This is a normal occurrence ahead of FOMC meetings, especially in December when the majority of market professionals have their "window dressing" fund...
Mon, Dec 14 2009, 8:09 AM
All in all, you will notice a somewhat bearish outlook for mortgage rates is embedded in the above commentary...ie a steeper yield curve and inflation...
Mon, Dec 14 2009, 5:18 PM
Mon, Dec 14 2009, 4:07 PM
Mon, Dec 14 2009, 1:39 PM
Fri, Dec 11 2009, 11:25 AM
Fri, Dec 11 2009, 8:27 AM
After a slow week of economic data, market participants were treated to a better than expected read on November Retail Sales this morning.Led by a 6.0...
Fri, Dec 11 2009, 5:04 PM
In exactly two weeks of trading, MBS have moved from all time highs on November 30th to 101-08 at close today, the same levels from the beginning of N...
MBS Market Alerts
