Mortgage Today: MBS and Stocks Rally After Lower-Than-Expected CPI Data Core CPI came in below expectations, at 0.2% month-over-month, annualizing to 2.4%. This is seen as a sign that inflation may be peaking, [...]
MBS are up 53 mighty basis points in the AM. Stocks up 44 points A 0.2% "miss" in core CPI is one of the better eventualities that bonds could have hoped for today. [...]
MBS are + 9 bps. Stocks up 6. China’s latest economic support measures buoyed stocks and commodities on Tuesday, though the mood was tempered by policy makers’ warnings of higher-for-longer interest rates. While [...]
MBS up 28 bps on the morning. Stocks up 10.5. It's a characteristically slow summertime Monday morning and bonds are left to trade without any meaningful market movers. Such conditions often result in [...]
Bonds were slightly weaker heading into the jobs data, but still inside yesterday's range. After the calm result, red is turning to green with 10yr yields quickly dropping. MBS are up 13 bps [...]
Ouch. New range confirmed. MBS down 62 bps on the open. Stocks losing by 46 points too. Bonds came into the session in just slightly weaker territory, but yields are screaming higher after [...]
Bonds had a fairly uneventful overnight session with Treasuries rallying modestly at the start of the European session and pushing back into weaker territory starting at 7am ET. Neither of the moves were [...]
MBS up 6 bps to start the week. Stocks flat Bonds began the overnight session drifting sideways to slightly weaker, but without much volatility. The 8:20am CME open brought in a mini surge [...]