Wednesday - November 13, 2024 UMBS are UP 35 bps - for once - on the open. About time. S&P futures ae up 10.5 points Bonds are responding favorably to the just-released CPI [...]
Tuesday - November 12, 2024 Dangit! UMBS down 36 bps on the open. S&P futures down 5 points. In the run up to the election, we offered constant reminders that a 10bp move [...]
Oh what a day. UMBS opened up 31 bps on the day. S&P futures are up 12 points Bonds were remarkably calm overnight, given the volatility that's dominated the average overnight session recently. [...]
Wednesday - November 6, 2024 UMBS getting SMOKED in the morning. UMBS down 60 bps early. Stocks up 124.75 Donald Trump’s victory in the US presidential election unleashed a shockwave in global markets [...]
Tuesday - November 5, 2024 Alright Everybody, remain calm! It's The Day! It's the end of the world as we know it, and I feel fine. UMBS down 7 bps in early trading. [...]
Monday - October 4, 2024 UMBS opened up 38 bps. Nice! S&P futures are up 7.5 points. The upcoming week won't have a lot of important economic data, but we have the election [...]
Wednesday - October 30, 2024 Flat open for UMBS. Up 2 bps in the first hour of trading. S&P futures up 3.25 points The prevailing sentiment heading into this week's payroll counts (ADP [...]