After a turbulent start to the year, optimism in the U.S. financial markets is rebounding with expectations of Federal Reserve rate cuts and the sustained growth of the AI sector. European bond markets [...]
Weird open for the MBS today. The 6.0 is flat but the 5.5 is down over 30 bps. The 6.5 is down 9 bps. Data from Friday reflected an unexpected decline in wholesale prices, [...]
UMBS were up 16 bps on the open. Markets are still digesting yesterday's data. M/M Core CPI = 0.3 vs 0.3 f'cast [0.3 prev] Y/Y Core CPI = 3.9 vs 3.8 f'cast [4.0 [...]
Mortgage-Backed Securities (MBS) held steady this morning, with stocks experiencing slight declines due to ongoing pressure on Boeing. Renowned investor Bill Gross has voiced concerns about overvalued Treasuries and expressed his preference for [...]
In the world of mortgage and real estate, it's crucial to keep an eye on the broader financial landscape. Today, UMBS 5.5 and 6.0 held steady, showing no major shifts in the mortgage-backed [...]
Big Day Jobs Day And the market didn't like the data early. UMBS were down 16 bps early on the 6.0 with the 5.5 down 28 Nonfarm Payrolls = 216k vs 170k f'cast [...]
UMBS were down in the first hour of trading. The 6.0 coupon is down 19 bps and the 5.5 is down 30. Bonds were already weaker overnight in a move led by stronger [...]
UMBS 6.0% coupon were down another 20 bps this morning. The 5.5% is down 25. The US Treasury market extended losses for a fourth day, putting the 10-year yield near 4%, reflecting investor [...]