What’s up in Mortgage Today – 4.11.23
MBS down 9 bps. Stocks flat. With the global financial market finally out of holiday weekend mode, US bond trading hasn't found any new inspiration for better or worse. Trading was almost perfectly [...]
What’s up in Mortgage Today – 4.10.23
MBS down 12 bps to start the week. Stocks down 30 points. Yields dropped modestly last night as Treasury trading got underway in Tokyo, but then held almost perfectly flat until hitting European [...]
What’s up in Mortgage Today : 4.7.23
Ouch. MBS down 37 bps this morning. It looks like it was wise for the bond market to play it safe by winding down the rally momentum yesterday because this jobs report doesn't [...]
What’s up in Mortgage Today : 4.6.23
MBS up 5 bps early ; Stocks pretty flat Bonds were sideways in Asia and then stronger in Europe. 10yr yields were at their lowest levels of the day (3.253) just after the [...]
What’s up in Mortgage Today : 4.5.23
Stocks & Bonds both down. MBS down 2 bps. Stocks down 12 pts Bonds were almost perfectly flat in the overnight session. 10yr yields and MBS were unchanged ahead of the 8:15am ADP [...]
What’s up in Mortgage Today : 4.3.23
MBS up 5 bps on the open. Stocks up a bit Bonds lost ground the moment overnight trading opened on Sunday night owing to a quick surge in oil prices (driven by an [...]
What’s up in Mortgage Today – 3.29.23
MBS are down 6 bps on the morning. Bonds began the overnight session at unchanged levels and held close to there through 4am ET. EU bonds rallied and faded over the next 4 [...]
What’s up in Mortgage Today – 3.27.23
MBS down 53 bps on the day. Stocks up about 25 points. Bonds were much weaker overnight with no new news on the banking contagion front. Stronger data in Germany and zero usage [...]