Ooooof. Maaaaan, do WE love acronyms in the mortgage business! Reminds me of a lesson from my 'Intermediate Finance' professor in college. He would though out some complicated sounding Term/Acronym. Then say, "What [...]
The bond market showed some weakness overnight, with European trading sessions seeing most of the movement. The domestic session saw some losses, but they were mostly erased after economic data was released at [...]
The bond market saw an improvement with 10yr yields dropping about 5bps on Thursday due to some flight-to-safety buying on another round of regional bank short selling. The S&P SPDR regional bank ETF [...]
Mortgage-backed securities (MBS) rose by 19 basis points (bps) and stocks went up by 6 points following the release of Consumer Price Index (CPI) numbers. Bond prices were unchanged before the release of [...]
On Tuesday, MBS fell 11 bps early, while stocks also declined by 11 points. However, the 10-year treasury remained flat, and bonds were sideways to slightly stronger overnight. The dollar edged higher, and [...]
The US bond market weakened further after the release of stronger than expected non-farm payroll data. The 10-year yield climbed 7 basis points and MBS lost a quarter-point. The jobs report showed the [...]
The MBS were up by 3 basis points in the morning, while bonds remained unchanged during the domestic session. The ECB's announcement had almost no impact on the bond market, and the only [...]
In the morning, MBS were up 11 bps. Treasury down 13. Stocks down 25 points early. After being closed for the May Day holiday, EU markets were back in action this morning. Data [...]