In today's mortgage update on September 26th, Mortgage-Backed Securities (MBS) opened down 5 basis points. Treasury and European government bond yields dipped after reaching decade highs, while the Bloomberg dollar index remained stable. [...]
UMBS 6's are up 25 bps on the morning so far. S&P Futures up 14.75 It's been a fairly calm and decent trading morning, between the overnight and early domestic hours. Treasuries rallied [...]
Financial markets faced turbulence following the Federal Reserve's recent announcements. UMBS dropped significantly, with the 5.5% down by 33 bps and the 6.0% down by 40 bps. S&P futures also declined by 40.25 [...]
Solid start to Fed Day, with UMBS up 13 bps. S&P Futures up 16.5 points 2am ET brought inflation data for Germany and the UK. Both were cooler than expected. Due to base [...]
MBS are down another 17 bps on the open. S&P futures down 4.25 In addition to the housing starts data, Canadian inflation came in a bit hotter than expected at the headline level [...]
MBS starting the week pretty much flat. Bonds began the overnight session in moderately weaker territory, although it looked significantly weaker at times due to a market holiday in Japan. The problem was [...]
MBS are up 9 bps in early trading. The government aims to increase small loans for housing, but cost remains a barrier. In weak markets like 2022, smaller loan originators perform better. Labor [...]
MBS are pretty much flat on the AM. Stocks are too. Stock futures, bonds and the dollar saw small moves ahead of economic data that will help shape the outlook for Federal Reserve [...]