Reading Notes for: The process of converting a normal everyday civilian into a customer is not 1 or 2 steps. It is a process. You must get their attention. It all [...]
UMBS up 9 bps on the morning. Bonds were sideways to slightly stronger amid quiet trading in Asia. Things got more volatile in Europe, but mostly for EU bonds (dueling narratives from different [...]
Monday - February 27, 2023 MBS up 13 bps early on the day. Durable goods orders fell 4.5% in January, according to the Census Bureau. Excluding transportation, durable goods orders rose 0.7%. Core [...]
MBS up 30 bps early. 10y down 8. Nice Rally Overnight. The most notable scapegoats arrived in the overnight hours with several weaker PMIs in Europe as well as a much lower Producer [...]
MBS are down another 30 bps this morning. 10y up 7. Neither of this morning's reports were great for bonds. Q4 is ancient history, but any indication of higher wage growth hurts. Jobless [...]
MBS down 15 bps on the open. 10y up 5 bps. Federal Reserve Chair Jerome Powell and his colleagues confront a “legitimate head scratcher” as they probe how high to raise interest rates [...]
MBS down 20 bps overnight. US equity futures climbed as corporate earnings surprised on the upside and returning appetite for riskier growth stocks fueled a rally in Tesla Inc. Bonds sank in the [...]
Reading Notes for: The process of converting a normal everyday civilian into a customer is not 1 or 2 steps. It is a process. You must get their attention. It all [...]