Wednesday - February 1, 2023 MBS up 9 bps on the open. 10y down 7 bps. Bonds were almost perfectly flat in Asia, then slightly stronger in Europe. Notably, EU bonds pulled back [...]

Tuesday - January 31, 2023 UMBS up 9 on the day, so far. Down about .25 from high of the day The Employment Cost Index (ECI) is an economic report that was never [...]

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 week marked by interest-rate decisions [...]

MBS pretty flat at -5 bps on the open. Bonds were slightly weaker overnight with more of the losses seen during Asian market hours for a change (European hours have accounted for most [...]

MBS down 6 bps on the open. Bonds were already moderately weaker overnight after following choppy selling in Europe. This econ data is not helping for obvious reasons (strong economic data = bad [...]

MBS 5.5 up 6 bps early. Not much, but on the good side of things for once. Bonds were flat to slightly weaker in Asia, but rallied with European bonds after 3am on [...]

MBS 5.5 down 16 bps to start the day. Bonds had a mixed overnight session, holding flat in Asia, rallying into European hours, then selling back to unchanged after EU PMI data came [...]

UMBS 5.5 is off 23 bps early. "Supply" is the theme of the day/week so far with bonds drifting weaker in the overnight session as European supply pushed EU yields higher. Now in [...]