What happened last week?Mortgage backed securities (MBS) gained +62 basis points (BPS) from last Friday's close which caused 30 year fixed mortgage rates to move lower and hit their best…
What's on the agenda for today?Weak European data will contribute to keeping MBS trading in a very nice range. However, any real rally is not in the cards as there…
Mortgage Backed Securities (MBS) OverviewThere were no major economic releases or Treasury auctions for the market to react to. MBS were up as much as +25BPS at 11:51EST and then…
What's on the agenda for this week?Mortgage Backed Securities (MBS) OverviewThe biggest domestic economic report will be Friday's Durable Goods Orders which is expected to climb back into positive territory.We…
What's on the agenda for this week?Intra-Day Lock Status: Neutral. The global fear-factor-premium is very much in play today and providing great support for pricing. But...you need new...new...new..something new...an escalation…
What's on the agenda for this week?Intra-Day Lock Status: Today is a real "yawner" with no major economic data until Tuesday. Bond Traders are actually not back into full force…
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…