Friday - February 17, 2023 Aaaand to finish the week off right, MBS down 16 on the open - again Slightly weaker out of the gate in Asia with additional weakness in Europe, [...]

Thursday - February 16, 2023 Another tough open for bonds. Down almost a quarter early. Treasuries up 4 bps. Bonds were sideways in quiet trading overnight. The big jump in producer prices and [...]

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UMBS up 5 bps on the day Treasuries were mostly sideways in the overnight session which isn't too surprising given last week's sell-off and the looming CPI data tomorrow. The week ahead will [...]

Monday - February 6, 2023 MBS off 64 bps on the open. Market still reacting to Friday giant jobs miss. Have broken through 3 floors this morning early Also got tougher talk from Bank [...]

Monday - January 30, 2023 UMBS down 28 bps early.  US equity futures fell on Monday along with stocks in Europe as a note of caution crept in at the start of a [...]

UMBS down 30 bps on the day. Non-Farm Payrolls crushed the market today NFP = 517k vs 185k f'cast [260k prev] unemployment = 3.4 vs 3.6 f'cast [3.5 prev] earnings = 0.3 vs [...]

MBS up 6 bps. 10yT down 5. Both the Bank of England (BOE) and European Central Bank (ECB) released policy announcements early this morning. Both were as-expected in terms of rate hikes. The [...]