Tue, Dec 1 2009, 12:15 PM
The 10yr TSY note is now testing 3.26 and "rate sheet influential" prices just hit a new intraday low.We have already seen a few reprices for the wor...
Tue, Dec 1 2009, 11:18 AM
Tue, Dec 1 2009, 3:11 PM
Mortgages are finding it difficult to maintain support as th 10yr tests the all important 3.27% pivot point. The long end of the yield curve is taking...
Mon, Nov 30 2009, 11:46 AM
The FN 4.0 is -0-01 at 100-09 yielding 3.98% and the FN 4.5 is currently +0-00 at 102-16 yielding 4.198%. The secondary mortgage market current coupon...
Mon, Nov 30 2009, 8:40 AM
Mon, Nov 30 2009, 5:08 PM
Mon, Nov 30 2009, 2:32 PM
Fri, Nov 27 2009, 10:53 AM
Fri, Nov 27 2009, 8:59 AM
he bond market is benefiting from a flight to safety rally after Dubai's Supreme Fiscal Committee announced they would ask creditors of Dubai World, t...
Fri, Nov 27 2009, 3:38 PM
Lenders will find it more and more difficult to offload loan paper originated below 4.50%. The volatile duration of 4.0 MBS coupons adds an extra help...
Wed, Nov 25 2009, 10:39 AM
As has been very much the custom recently, Tsy's are having in "inside day" so far as ranges narrow into ready position before important data. If you...
Wed, Nov 25 2009, 10:04 AM
Wed, Nov 25 2009, 9:30 AM
The FN 4.0 is +0-04 at 99-31 and the FN 4.5 is +0-04 at 102-12. I dont have to do much with my spreadsheet to figure out the current coupon. The FN 4....
Wed, Nov 25 2009, 5:30 PM
Wed, Nov 25 2009, 3:37 PM
Last week the 10yr TSY note bounced around between 3.32% and 3.37%. Early on this week, that range was broken as 10yr note yields tested 3.42%. Howeve...
Wed, Nov 25 2009, 1:04 PM
The initial reaction to the auction results has been positive, "rate sheet influential" MBS prices are higher. We wouldn't be doing our job if we didn...
Tue, Nov 24 2009, 10:30 AM
After a concentrated blast of econ data this AM, the calendar is on break until the 5yr note auction at 1pm. Sure, there is a 4 week bill auction at ...
Tue, Nov 24 2009, 9:00 AM
After the release of the data, 10yr note yields are a few bps higher...but holding the overnight gains that pushed yields back into last week's range....
Tue, Nov 24 2009, 5:34 PM
Tue, Nov 24 2009, 2:37 PM
Tue, Nov 24 2009, 1:00 PM
The Treasury has successfully auctioned a record $42 billion 5 yr notes at a high yield of 2.175%, which is lower than the 1pm "When Issued" mid-marke...
Mon, Nov 23 2009, 11:32 AM
Mon, Nov 23 2009, 8:35 AM
In the week that was, mortgages traded in a narrowing range as 10yr TSY notes bounced back and forth between positional resistance and support. While ...
Mon, Nov 23 2009, 5:25 PM
Mon, Nov 23 2009, 3:06 PM
Heading into the after hours session, the FN 4.0 is +0-05 at 99-17 yielding 4.053% and the FN 4.5 is +0-05 at 101-30 yielding 4.263%. The secondary ma...
Mon, Nov 23 2009, 1:00 PM
Fri, Nov 20 2009, 11:23 AM
While our benchmarks have bounced around this six basis point range all week..." rate sheet influential" MBS coupon price improvements have stalled an...
Fri, Nov 20 2009, 9:30 AM
The FN 4.0 is currently -0-02 at 99-08 and the FN 4.5 is trading +0-01 at 101-23. The range narrows...there isnt much room for further price appreciat...
Fri, Nov 20 2009, 5:01 PM
Fri, Nov 20 2009, 4:28 PM
Fri, Nov 20 2009, 2:15 PM
Thu, Nov 19 2009, 11:32 AM
Thu, Nov 19 2009, 9:29 AM
WHILE THE RANGE IS STILL MODERATING TSY PRICE ACTION, RATE SHEET INFLUENTIAL PRICES ARE HITTING A CEILING (negative convexity). This implies rate shee...
Thu, Nov 19 2009, 5:00 PM
Thu, Nov 19 2009, 3:29 PM
Thu, Nov 19 2009, 1:45 PM
Wed, Nov 18 2009, 11:40 AM
Wed, Nov 18 2009, 9:30 AM
While the morning data served to bring out a bit of chopatility, 3.32% is still strong resistance and 3.37% is still strong support. Again...the data ...
Wed, Nov 18 2009, 6:09 PM
Wed, Nov 18 2009, 4:01 PM
The FN 4.0 is trading -0-04 at 99-09 yielding 4.084% and the FN 4.5 is bid -0-02 at 101-23 yielding 4.294%. The secondary market current coupon is 4....
Wed, Nov 18 2009, 1:54 PM
Tue, Nov 17 2009, 11:15 AM
Relative to yesterday's levels, MBS had a tougher time this morning than treasuries. The limits of Monday's MBS range were 101-24 on the low side and...
Tue, Nov 17 2009, 8:30 AM
The long end of the yield curve has recovered two weeks of steepening in the past two days.n 10s, buying beget more buying as open short positions wer...
Tue, Nov 17 2009, 5:01 PM
Tue, Nov 17 2009, 3:47 PM
As mortgage-backs make their way towards the exits, prices are holding near unchanged on the day. The FN 4.0 is +0-01 at 99-17 yielding 4.053% and th...
Tue, Nov 17 2009, 2:01 PM
Mon, Nov 16 2009, 10:57 AM
Mon, Nov 16 2009, 9:23 AM
The Week Ahead is busy, lots of data and Fed speakers. The trade tactic we anticipate to be a rates money mover...the unwinding of the yield curve STE...
MBS Market Alerts
