Thu, Jan 28 2010, 5:20 PM
Thu, Jan 28 2010, 3:47 PM
Thu, Jan 28 2010, 1:03 PM
The Treasury has successfully auctioned $32 billion 7-year notes. Auction demand was strong, but the rates market has failed to make positive progress...
Wed, Jan 27 2010, 11:33 AM
Wed, Jan 27 2010, 9:23 AM
The day ahead promises to be busy. At 10am we get New Home Sales, then at 1pm the Treasury will release auction results on a $42 billion 5year note of...
Wed, Jan 27 2010, 5:19 PM
Wed, Jan 27 2010, 4:00 PM
Mortgages are heading into the close near their worst price levels of the day. The FN 4.0 is -0-08 at 97-21 yielding 4.224% and the FN 4.5 is -0-06 a...
Wed, Jan 27 2010, 2:20 PM
REPRICES FOR THE WORSE ARE LIKELY....REPRICES FOR THE WORSE ARE LIKELY....REPRICES FOR THE WORSE ARE LIKELY
Wed, Jan 27 2010, 1:05 PM
As of right this very moment, there has been no negative response to the recently released auction results. This places the brunt of the potential vo...
Tue, Jan 26 2010, 11:38 AM
he Treasury will announce auction results on $44 billion 2s at 1pm. I am not going to dive deep into analysis on this one, I think the outlook is fair...
Tue, Jan 26 2010, 8:31 AM
If you are still floating your pipeline I recommend you keep a close watch on the marketplace over the next few days. We see the recent "relief rally"...
Tue, Jan 26 2010, 5:01 PM
Earlier in the afternoon, we mentioned the sudden onset of selling in the stock market in conjunction with the high level of connection in the stock l...
Tue, Jan 26 2010, 3:30 PM
Tue, Jan 26 2010, 1:32 PM
Following the average auction (average at best), interest rates moved higher. However shortly thereafter status quo was restored as short covering slo...
Mon, Jan 25 2010, 12:00 PM
Mon, Jan 25 2010, 8:32 AM
Phew...lots to consider this week. One thing I forgot to mention is the technical side of the marketplace. "Rate sheet influential" TSYs have been per...
Mon, Jan 25 2010, 4:59 PM
Mon, Jan 25 2010, 2:23 PM
As expected markets are thinly traded ahead of the looming FOMC meeting. The 3.375% coupon bearing 10 year Treasury note has bounced back and forth ar...
Fri, Jan 22 2010, 11:04 AM
Since the econ calendar is empty and politics seem to be driving price action, we might as well discuss Ben Bernanke's pending re-nomination confirmat...
Fri, Jan 22 2010, 8:15 AM
While yesterday's flight to safety was supportive of an extension to the rates "relief rally", the underlying motivation behind boosted bond market op...
Fri, Jan 22 2010, 5:06 PM
Fri, Jan 22 2010, 2:41 PM
Heading into the afternoon hours the rates market continues to trade in a choppy manner. While much distance has been traveled on charts, status quo h...
Thu, Jan 21 2010, 10:55 AM
Bonds didn't even get a chance to price in that auction concession, the stock lever gave us a boost BEFORE the Treasury announced next week's auction...
Thu, Jan 21 2010, 8:50 AM
I am starting to feel a bit more anxious about the relief rally retracement...meaning our "day to day" lock float guidance is looking more toward a lo...
Thu, Jan 21 2010, 6:03 PM
Thu, Jan 21 2010, 3:53 PM
Thu, Jan 21 2010, 1:26 PM
"Rate sheet influential" MBS prices are higher and mortgage rates are improved. While the spike in TSY trading volume is supportive of an extension to...
Wed, Jan 20 2010, 12:22 PM
Wed, Jan 20 2010, 9:04 AM
f you look at the chart this AM, you'll notice we get ALL the gains you see BEFORE 830AM data. In other words, 830 marked the best levels in the bond...
Wed, Jan 20 2010, 5:46 PM
Although the bond market relief rally is strong on charts and backed by fundamentals (in our opinion)...its still a trader's world, and we're still li...
Wed, Jan 20 2010, 3:15 PM
Tue, Jan 19 2010, 11:33 AM
The 3.375% coupon bearing 10 year TSY note is trading -0-05 at 97-11. Selling stopped out shy of 3.74% thanks to a round of short covering. Don't expe...
Tue, Jan 19 2010, 8:53 AM
After taking down $84 billion in TSY debt supply last week, the bond market headed into the three day weekend trading outside the range at yields not ...
Tue, Jan 19 2010, 6:32 PM
Tue, Jan 19 2010, 3:41 PM
Tue, Jan 19 2010, 2:00 PM
Fri, Jan 15 2010, 11:37 AM
you should have your best rate sheets of the year this morning. Besides the fact that lenders are desperate for loan production, "rate sheet influent...
Fri, Jan 15 2010, 8:47 AM
Inflation data has been released. It was "on the screws". thus permitting an extension of positive rates progress. The recent range has been broken, w...
Fri, Jan 15 2010, 5:13 PM
Fri, Jan 15 2010, 2:08 PM
Thu, Jan 14 2010, 11:17 AM
Thu, Jan 14 2010, 8:34 AM
Rate sheet rebate and the "relief rally" suffered a setback yesterday afternoon following a marginally above average 10 year note auction yesterday. T...
Thu, Jan 14 2010, 5:23 PM
Thu, Jan 14 2010, 3:35 PM
After a successful long bond auction and positive knee jerk price reaction, the rates market has failed to extend relief rally progress into a new ran...
Thu, Jan 14 2010, 1:46 PM
Thu, Jan 14 2010, 1:00 PM
The last auction shoe has dropped. The auction stopped through impressively, and the recent roll in MBS is but a faded memory destined to be crushed ...
Wed, Jan 13 2010, 11:37 AM
The Treasury is set to re-open the November 2019 issue 3.375% coupon bearing 10 year TSY note. $21 billion more will be offered. The results of the au...
Wed, Jan 13 2010, 8:37 AM
Yesterday' s 3 year note auction was about average...woohooo. If you didnt pick up on the sarcasm, I was being sarcastic. This is because 3 year notes...
Wed, Jan 13 2010, 5:37 PM
Wed, Jan 13 2010, 3:45 PM
MBS Market Alerts
