MBS down 23 bps on the day. Stocks flat The big news out just before the open this morning is that JPM has agreed to purchase First Republic Bank's (FRC) assets and assume [...]

Yesterday's PCE numbers brought some additional implied inflation, but friendly central bank news in Japan and softer economic data in Europe helped improve bonds overnight. While Chicago PMI briefly pushed towards higher rates, [...]

On Wednesday, US equity futures increased as traders were optimistic about corporate earnings reports, with the S&P 500 rising after a two-day decline. Meanwhile, bonds remained flat overnight, but lost some ground after [...]

MBS down 5 on the open. Stocks up 5. 10yT flat Bonds traded flat in Asia and didn't move much more for most the European session. The biggest market mover of the day [...]

MBS +8 this morning. Stocks flat Bonds started the overnight session trading mostly sideways, but rallied more noticeably when European trading started. Oddly enough, Treasuries held the gains even as European bonds retraced [...]

MBS +8 this morning. Stocks flat Bonds started the overnight session trading mostly sideways, but rallied more noticeably when European trading started. Oddly enough, Treasuries held the gains even as European bonds retraced [...]

MBS up 13 bps. Stocks down 18. Long before Jobless Claims and Philly Fed hit the wires, producer price inflation data in Germany came in lower than expected, sparking a decent rally at [...]

MBS up 9 bps. Stocks flat. The construction data this morning is almost never a relevant market mover for bonds and today's installment isn't much of an exception. There was a slight amount [...]