URGENT NOTE FOR THE HOLIDAY WEEKThis week could hold a lot of volatility. So what’s up? First, it’s a holiday-shortened week; the markets will be closed on Friday. Plus the…
Both stocks and bonds improved today. The S&P made another new high while the 1- year note opened +2 bps then fell 2 bps from Friday’s close this afternoon. 30-year…
Friday saw a little price decline; this morning started better recovering from the declines on Friday. The US stock market futures traded weaker early, supporting the bond and mortgage markets.…
Happy Cinco De Mayo!This is a much lighter week for economic data compared to last week's schedule but there are still some very important releases.A large supply of 10-year and…
THIS WEEKThis is by far the biggest week for economic data that we have had in a long time.Housing: Pending Home Sales and the Case-Shiller Home Price Index.Labor Markets: ADP…
Last Friday: Ahead of the long Easter weekend, some glimmer of progress with the Russia/Ukraine situation and a very firm Philly Fed business index sent interest rates spiking higher with…
What's on the agenda for this week?This is a holiday-shortened week Thursday - the Bond Market will close early at 2:00pm EDT Friday - the Bond Market will be closed…
WHAT'S ON THE AGENDA FOR THIS WEEK?The biggest event of the week will be Wednesday's release of the minutes from the last FOMC meeting. The market will want to see…
MBS (Mortgage Backed Securities) OVERVIEWThis is a blockbuster week with a big-name economic report each and every trading session that has the weight to move the markets. We get a…
Last Friday the bond and mortgage markets improved a little, but early this morning the bond and mortgage markets started weaker---about the same price changes that occurred Friday. Markets are…