Bonds came into the domestic session in modestly stronger territory after an uneventful night of narrow, sideways trading. They're logically selling off following the much stronger Durable Goods reading. This isn't exactly a [...]
The tone and trend remain uneventful in the bigger picture, but Treasuries managed to rally modestly in the overnight session thanks to a slightly better rally in EU bonds. There wasn't much to [...]
Bond markets opened stronger after a quiet night of trading but later sold off due to robust Durable Goods data. Mortgage-backed securities (MBS) dropped by 8 bps, while stocks rose by 13.08 points, [...]
MBS pretty much flat on the open. Stocks too, only up 6 points. Bonds were stronger in the overnight session with most of the gains following a risk-off trade in Europe (lower stock [...]
MBS up 11 bps on the morning. Stocks down 27 European PMIs were weaker overnight with the services sector in France and Germany leading the way (France: 48 vs 52.5 f'cast, Germany: 54.1 [...]
MBS down 28 bps on the open, stocks down a couple of points too. The mortgage market started the day lower, with MBS down 28 bps. Stocks were also down a couple of [...]
MBS are down 22 bps on the morning. Stocks losing about 20. Bonds were gradually weaker in choppy trading overnight. UK bonds led the selling in during European hours following a higher CPI [...]
MBS up 5 bps early. Stocks have lost 20 points. The New Residential Construction report (the source of starts/permits above) almost never accounts for a reaction in financial markets. This morning is proving [...]