UMBS opened up 15 bps on the morning. S&P futures down 15 points Bonds were roughly unchanged overnight, but began to improve modestly after the ADP data. Considering the numbers were higher than [...]
UMBS up 9 bps on the open. At least it's green. S&P Futures up 12.75 Stocks were buoyed by earnings optimism as traders looked ahead to a busy week for company results. The [...]
UMBS opened up 27 bps. S&P futures are up 35.75 points After yesterday's somewhat dire implications from quarterly data, today's monthly numbers are surprisingly in line with forecasts. Quarterly numbers were 0.3% higher [...]
UMBS opened up 16 bps. S&P futures up 13 points The S&P PMI data (previously "Markit") has increasingly been a tradeable event in the past few years and we have the latest example [...]
UMBs opened up 3 bps. So, basically flat. S&P futures up 28.5 It's no secret that a vast majority of bond market movement these days occurs in response to a small handful of [...]
Friday - April 19, 2024 UMBS opened pretty much flat - down 2 bps. S&P futured down 7.25 pts, on tension between Israel and Iran. Existing Home Sales fell 4.3% in March to a seasonally [...]
UMBS were in the green for once this morning. Up 23 bps on the open. In a departure from recent norms, the overnight session was somewhat constructive for bonds. The gains weren't massive, [...]
C’mon! UMBS are down 18 bps on the open - again! The selloff on Wall Street showed signs of abating even as investors grappled with the threat of higher-for-longer interest rates and an [...]