MBS were completely flat early. Bonds extended Friday's selling pressure at the start of the overnight with both 10yr yields and longer-run Fed rate expectations lurching higher in Asia. The European session added [...]
MBS opened flat but later dropped by 25 bps, while stocks rose by 25 points. The Nonfarm Payrolls report surpassed expectations with 339k jobs added, but unemployment increased to 3.7%, and earnings fell [...]
MBS up 23 bps in the morning. 3 winning mornings in a row. Stocks up 8.89 points Challenger Job Cuts= 80.1k vs 92k f'cast ADP Employment = 278k vs 200k f'cast [296k prev] [...]
MBS are up 20 bps this morning early. Nice gain. Stocks down 23 points Bonds rallied to nearly the lowest yields of the day after the Chi-PMI data but have erased all of [...]
MBS rose by 31 bps, stocks were up 10 points, and bonds opened stronger in Asia due to unresolved debt ceiling issues, friendly comments from the BOJ, and Ukraine war escalation. Despite slightly [...]
Mortgage-backed securities (MBS) started with a slight increase of 2 bps, while stocks rose by 7 points. The bond market didn't follow the 3-5bp rally in European bonds and remained mostly flat in [...]
MBS and stock markets experience early ups and downs, with overnight bond gains in Asia and Europe. Despite Retail Sales news not meeting forecasts, internal components were positive, with nonstore retailers seeing a [...]
Mortgage-backed securities (MBS) started off down 12 basis points (bps), while the 10-year bond yield increased by 4bps, and stocks rose by 7.88 points. Overnight, bonds were moderately weaker with no specific driver [...]