MBS down 53 bps on the day. Stocks up about 25 points. Bonds were much weaker overnight with no new news on the banking contagion front. Stronger data in Germany and zero usage [...]

Monday - March 20, 2023 MBS down 9 bps to start the week. Treasuries hit their lowest yields since September right at the start of the European trading session as the UBS takeover [...]

Wild morning on the bond market. MBS now down 2 bps. Though there was 26 bps of movement (both directions) to get here. Back to "Zero Days" Without a Systemic Banking Contagion Flare-Up. [...]

UMBS are up 8 bps and S&P up 37 points. Bonds began the overnight session drifting very gently stronger but began losing ground during European trading hours. Several central banks hiked rates as [...]

MBS off 20 bps early.....again. It was a boring trading session in both Asia and Europe. The latter say a bit of an additional "risk-on" move with EU stocks and bond yields moving [...]

MBS -.27 on the open. 10y is up 10 bps. Bonds were moderately to sharply weaker in the overnight session, led by a risk-on trade in Europe. The absence of new drama in [...]

MBS down 9 bps to start the week. Treasuries hit their lowest yields since September right at the start of the European trading session as the UBS takeover of Credit Suisse was initially [...]