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 [...]
UMBS starting the day in the red. Down 11 bps on the 6.0. 5.5 is down 17. The S&P 500 traded just a few points away from its all-time peak on Thursday, extending [...]
UMBS were in the green early. 6.0 coupon is up 11 bps. 5.5 is up 22 bps. US equity futures were steady, with an all-time high this year firmly in sight amid optimism [...]
Tuesday - December 26, 2023 Back at it after the holiday. The 6.0 coupon were down 5 bps early. 5.5 was flat. 6.5 was up 16 bps. Markets are still digesting the data [...]
In today's mortgage market update, we observed modest gains as MBS (Mortgage-Backed Securities) displayed some positive movements, with the 6.0 coupon rising by 8 basis points and the 5.5 coupon by 2 basis [...]
UMBS 6.0 was flat. The 5.5 coupon was up 6 bps in the first hour of trading. Bond pricing is slightly improved this morning as treasury yields continue to inch lower. The U.S. [...]