Solid start to Fed Day, with UMBS up 13 bps. S&P Futures up 16.5 points 2am ET brought inflation data for Germany and the UK. Both were cooler than expected. Due to base [...]
MBS are down another 17 bps on the open. S&P futures down 4.25 In addition to the housing starts data, Canadian inflation came in a bit hotter than expected at the headline level [...]
MBS starting the week pretty much flat. Bonds began the overnight session in moderately weaker territory, although it looked significantly weaker at times due to a market holiday in Japan. The problem was [...]
MBS are up 9 bps in early trading. The government aims to increase small loans for housing, but cost remains a barrier. In weak markets like 2022, smaller loan originators perform better. Labor [...]
MBS are pretty much flat on the AM. Stocks are too. Stock futures, bonds and the dollar saw small moves ahead of economic data that will help shape the outlook for Federal Reserve [...]
MBS are down almost 1/3 of a point early. Stocks are flat Bonds were weaker in the overnight session with most of the losses being a catch-up move to the rest of the [...]
MBS pretty much flat - up 4 bps on the open. Stocks are same. Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed [...]
MBS down 5 bps after the first hour of trading. Stocks flat. Bonds were already modestly weaker in the overnight session and are losing just a bit more ground after the slightly stronger [...]