What’s up in Mortgage Today – 7.6.23
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 [...]
What’s up in Mortgage Today – 7.5.23
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 [...]
What’s up in Mortgage Today – 7.3.23
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 [...]
What’s up in Mortgage Today – 6.29.23
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 [...]
What’s up in Mortgage Today – 6.28.23
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 [...]
What’s up in Mortgage Today – 6.27.23
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, [...]
What’s up in Mortgage Today – 6.26.23
MBS pretty much flat on the open. Stocks too, only up 6 points. Bonds were stronger in the overnight session with most of the gains following a risk-off trade in Europe (lower stock [...]
What’s up in Mortgage Today – 6.23.23
MBS up 11 bps on the morning. Stocks down 27 European PMIs were weaker overnight with the services sector in France and Germany leading the way (France: 48 vs 52.5 f'cast, Germany: 54.1 [...]