UMBS opened up 3 bps - again. Am I in groundhogs day or something? Bonds were remarkably calm overnight considering yesterday's movement and the fact that month-end trading played a role. The calm [...]
We are up 3 bps on the first hour of the day. Seems like that has become the norm lately. All the activity in the afternoon. Day one of the two-day FOMC meeting [...]
UMBS were up 5 bps on the morning so far. From Chris Maloney - Interest rate futures predict five rate cuts this year, and while I am inclined to disagree with that view. Though, [...]
Financial Market Update: Bonds Rally Despite Strong GDP Report In a surprising turn of events, the bond market rallied despite a robust GDP report, showcasing the complexity of today's economic landscape. The fourth-quarter [...]
After a turbulent start to the year, optimism in the U.S. financial markets is rebounding with expectations of Federal Reserve rate cuts and the sustained growth of the AI sector. European bond markets [...]
Weird open for the MBS today. The 6.0 is flat but the 5.5 is down over 30 bps. The 6.5 is down 9 bps. Data from Friday reflected an unexpected decline in wholesale prices, [...]
UMBS were up 16 bps on the open. Markets are still digesting yesterday's data. M/M Core CPI = 0.3 vs 0.3 f'cast [0.3 prev] Y/Y Core CPI = 3.9 vs 3.8 f'cast [4.0 [...]
Mortgage-Backed Securities (MBS) held steady this morning, with stocks experiencing slight declines due to ongoing pressure on Boeing. Renowned investor Bill Gross has voiced concerns about overvalued Treasuries and expressed his preference for [...]