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UMBs opened up 3 bps. So, basically flat. S&P futures up 28.5 It's no secret that a vast majority of bond market movement these days occurs in response to a small handful of [...]
Friday - April 19, 2024 UMBS opened pretty much flat - down 2 bps. S&P futured down 7.25 pts, on tension between Israel and Iran. Existing Home Sales fell 4.3% in March to a seasonally [...]
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UMBS were in the green for once this morning. Up 23 bps on the open. In a departure from recent norms, the overnight session was somewhat constructive for bonds. The gains weren't massive, [...]
C’mon! UMBS are down 18 bps on the open - again! The selloff on Wall Street showed signs of abating even as investors grappled with the threat of higher-for-longer interest rates and an [...]
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WTMS Blog Today = What's up in Mortgage Today - 04/14/24 > > > > In a startling market response, UMBS fell sharply by 42 basis points by mid-morning, reflecting investor concerns beyond [...]