What’s up in Mortgage Today – 7.10.23
MBS up 28 bps on the morning. Stocks up 10.5. It's a characteristically slow summertime Monday morning and bonds are left to trade without any meaningful market movers. Such conditions often result in [...]
MBS up 28 bps on the morning. Stocks up 10.5. It's a characteristically slow summertime Monday morning and bonds are left to trade without any meaningful market movers. Such conditions often result in [...]
Bonds were slightly weaker heading into the jobs data, but still inside yesterday's range. After the calm result, red is turning to green with 10yr yields quickly dropping. MBS are up 13 bps [...]
Ouch. New range confirmed. MBS down 62 bps on the open. Stocks losing by 46 points too. Bonds came into the session in just slightly weaker territory, but yields are screaming higher after [...]
Bonds had a fairly uneventful overnight session with Treasuries rallying modestly at the start of the European session and pushing back into weaker territory starting at 7am ET. Neither of the moves were [...]
MBS up 6 bps to start the week. Stocks flat Bonds began the overnight session drifting sideways to slightly weaker, but without much volatility. The 8:20am CME open brought in a mini surge [...]
Bonds came into the domestic session in modestly stronger territory after an uneventful night of narrow, sideways trading. They're logically selling off following the much stronger Durable Goods reading. This isn't exactly a [...]
The tone and trend remain uneventful in the bigger picture, but Treasuries managed to rally modestly in the overnight session thanks to a slightly better rally in EU bonds. There wasn't much to [...]
Bond markets opened stronger after a quiet night of trading but later sold off due to robust Durable Goods data. Mortgage-backed securities (MBS) dropped by 8 bps, while stocks rose by 13.08 points, [...]