Mon, Jan 4 2010, 10:35 AM
Thu, Dec 31 2009, 12:12 PM
Thu, Dec 31 2009, 9:33 AM
Rates sold off following the release of jobless claims (which I need to dig deeper into). While many will take this data as an indication of good thin...
Thu, Dec 31 2009, 2:30 PM
Wed, Dec 30 2009, 10:57 AM
In the mortgage market, yesterday's late afternoon rally has extended over into today' session. "Rate sheet influential" MBS prices are have ventured ...
Wed, Dec 30 2009, 4:56 PM
Wed, Dec 30 2009, 1:05 PM
The Treasury has successfully auctioned $32 billion 7 year notes. As always, we expect volatility post-auction. After profit-taking weakened MBS this...
Tue, Dec 29 2009, 9:41 AM
The S&P/Case-Shiller Home Price Index has been released. The 20 city home price index was +0.00% in October. Worse than estimates of +0.2%.On a year o...
Tue, Dec 29 2009, 4:32 PM
Tue, Dec 29 2009, 1:07 PM
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
MBS Market Alerts
