Thu, Feb 11 2010, 3:21 PM
Thu, Feb 11 2010, 1:01 PM
The bond market was clearly not interested in this auction. Rates weakness persists as we are holding outside the comfy confines of the recent range....
Wed, Feb 10 2010, 11:48 AM
Wed, Feb 10 2010, 9:08 AM
Wed, Feb 10 2010, 6:14 PM
Wed, Feb 10 2010, 3:33 PM
Today's "tape-bomb", or volatile news item, was launched from the frontlines at FHLMC, somewhere in suburban Virginia, as they announced they would bu...
Wed, Feb 10 2010, 1:46 PM
Reprices for the worse--if you haven't seen them already--are still possible to probable. Try to gauge how much your lender hedged their rates for to...
Wed, Feb 10 2010, 1:02 PM
Tue, Feb 9 2010, 11:22 AM
We have been here before...over the past 6 months when equities showed signs of weakness, I actually put good thought into making a connection between...
Tue, Feb 9 2010, 8:36 AM
The sky is once again gray and the ominous smell of another winter storm has settled in over the area. This spells trouble for a region that has alrea...
Tue, Feb 9 2010, 1:27 PM
In the wake of treasury auctions, volatility can be quite high, and it's too soon to know if this support will continue to hold or if the situation de...
Tue, Feb 9 2010, 1:04 PM
We're down 6 ticks since the auction so far, and falling....Reprice risk is high at the moment
Mon, Feb 8 2010, 11:38 AM
"Rate sheet influential" MBS coupons and benchmark TSYs are testing the staying power of Friday's FTQ fixed income rally. A solid move below 101-06 w...
Mon, Feb 8 2010, 8:56 AM
Stocks sold off in a panicky fashion last week as sovereign debt concerns grew over Greece, Portugal, and Spain's ballooning budget deficit and rising...
Fri, Feb 5 2010, 11:45 AM
Now that the jobs report is behind us, the marketplace will put all focus on sovereign debt anxieties abroad. Part of the reason for panic has to due...
Fri, Feb 5 2010, 8:31 AM
20,000 jobs were lost in January according to the Bureau of Labor Statistics. The unemployment rate fell from 10.0% to 9.7%. This will surely grab hea...
Thu, Feb 4 2010, 11:05 AM
We've been here before! We've seen bond bearish NFP prints, we've seen tons of "better than expected" data, we've watched stocks rally on and on and o...
Thu, Feb 4 2010, 8:57 AM
Jobless Claims increased by 8,000 last week to 480,000 new claims. This was worse than expected. The rates market, which was already rebounding from y...
Thu, Feb 4 2010, 3:45 PM
"There will be a jobs revision I'm told tomorrow that's likely to show additional job loss at the first part of the recession that started in December...
Wed, Feb 3 2010, 12:01 PM
While Treasury issuance remains elevated at high levels, issuance size is not expected to continue to grow. Again, this is not a huge supportive infl...
Wed, Feb 3 2010, 8:37 AM
We have been pretty firm about locking on strength and willing to float at the outer limits of the range...at this point that is getting very risky. A...
Tue, Feb 2 2010, 11:25 AM
MBS are angry this morning, well not really but it looks like it on the charts. "Rate sheet influential" MBS prices have CHOPPED CHOPPED CHOPPED aroun...
Mon, Feb 1 2010, 11:53 AM
Mon, Feb 1 2010, 9:14 AM
Both benchmarks and "Rate sheet influential" MBS coupons have found their way back toward important pivot points. The FN 4.0 is 0-05 at 97-28 yielding...
Fri, Jan 29 2010, 11:19 AM
Fri, Jan 29 2010, 8:38 AM
LESS CONTRACTION IN BUSINESS INVENTORIES ACCOUNTED FOR 59% OF GDP GAINS! This will not carry over into Q1 2010. While markets had a muted reaction to ...
Fri, Jan 29 2010, 5:18 PM
Fri, Jan 29 2010, 1:06 PM
Today's rates rally started as one of those "sell the rumor, buy the news" aka FADE THE DATA moves. The bond market knew GDP would be strong, so they ...
Thu, Jan 28 2010, 11:51 AM
Rates are not benefiting from the stock lever because of three reasons. Auction concession + unwind of FOMC flatteners + Bernanke uncertainty. My outl...
Thu, Jan 28 2010, 8:41 AM
All was good in the rates market leading up to 215pm yesterday. Rate sheet rebate was holding close to month over month bests, 10s were quietly boun...
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