UMBS up 14 bps on the morning Bonds were only modestly stronger and mostly sideways for most of the overnight session. Early U.S. trading kicked things into a slightly higher gear starting right at [...]
UMBS opened the day up 9 bps. Bonds were stronger in the overnight session with Fed follow-through buying overseas and weak manufacturing PMIs in Europe. Philly Fed Index = 3.2 vs -2.3 f'cast, [...]
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UMBS opened down 3 bps on the morning. Equity futures fluctuated after the S&P 500 hit at another all-time high. New home purchase applications rose 15.7% year-over-year in February, according to the MBA. The [...]
UMBS opened up 11 bps in the AM. Stocks are lower this morning after the Bank of Japan officially ended its twelve year era of negative interest rates. Housing starts rose 10.7% month-over-month and 5.9% year-over-year to [...]
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UMBS down 8 bps on the open. S&P futures opened up 37.5 The Fed will be meeting Tuesday and Wednesday and will announce its latest interest rate decision Wednesday. With markets widely expecting [...]
MBS opened down another 11 bps this morning. A recent pickup in inflation isn’t likely to shift Federal Reserve policymakers’ forecasts for three interest-rate cuts this year and four in 2025, according to [...]
