What’s up in Mortgage Today – 7.21.23
MBS are up 14 bps this morning. Stocks up 12.67 It's a summertime Friday in the bond market, so anything can happen. Bonds could undertake a huge rally or sell-off without any clear [...]
MBS are up 14 bps this morning. Stocks up 12.67 It's a summertime Friday in the bond market, so anything can happen. Bonds could undertake a huge rally or sell-off without any clear [...]
MBS down 45 bps on the day. Stocks down 11.3 points as well. A lose-lose Bonds were already several bps into negative territory to start the day but are adding to the losses [...]
MBS up 16 bps on open. Stocks flat. Bonds rallied overnight due to a sharper rally in EU bonds. 10yr yields dropped to 3.743 before Retail Sales data and rallied slightly afterward. Pushback [...]
Stocks open flat after a week of historic gains as China's Q2 growth falls short of estimates. Banks downgrade China's growth forecasts, risking Beijing's GDP target. Yields decline due to lower inflation, but [...]
Proving that you can't win them all, MBS are down 30 bps on the morning. Stocks up 12 points. UMBS 5.5 coupons were just down nearly 3/8ths of a point. A split second [...]
Mortgage Today: MBS and Stocks Rally After Lower-Than-Expected CPI Data Core CPI came in below expectations, at 0.2% month-over-month, annualizing to 2.4%. This is seen as a sign that inflation may be peaking, [...]
MBS are up 53 mighty basis points in the AM. Stocks up 44 points A 0.2% "miss" in core CPI is one of the better eventualities that bonds could have hoped for today. [...]
MBS are + 9 bps. Stocks up 6. China’s latest economic support measures buoyed stocks and commodities on Tuesday, though the mood was tempered by policy makers’ warnings of higher-for-longer interest rates. While [...]