Friday - July 12, 2024 Happy Friday! UMBS are up 16 bps on the open. Stock Futures are Flat. Core PPI M/M = 0.4 vs 0.2 f'cast last month revised to 0.3 from [...]
Thursday - July 11, 2024 Oooooh-Weee. UMBS are up 41 bps on the open, so far. S&P futures down 9.5 points Headline CPI M/M = -0.1 vs 0.1% f'cast, [0.0 prev] Headline CPI [...]
UMBS up 3 bps on the open. Stock futures up 14.25 points. Stock futures pointed to a longer advance for the S&P 500 as investors sought vindication from Federal Reserve Chair Jerome Powell [...]
Tuesday - June 9, 2024 UMBS are flat on the open. Technically up 1 bps, but whatever. Yields rose microscopically in the overnight session, but even that is a generous assessment considering the [...]
UMBS up 5 bps on the morning. Small but at least it's green. S&P futures up 1.75 points. Calm returned to markets as traders saw positive implications from an inconclusive French election outcome [...]
Nnnnice, UMBS are up 24 bps in the first hour of trading. Should lead to a little better looking rate sheets today. S&P futures are down 3.75 points Bonds were essentially flat in [...]
UMBS opened down 15 bps in the first hour of trading. S&P Futured up 13.75 Bonds began the day in slightly weaker territory and continued selling--somewhat abruptly--at the 8:20am CME open. There continue [...]
UMBS are up 5 bps on the open. Though down 6 bps from the highs on the day. S&P futures are up 23.5 points Last night was the first US Presidential Debate. I [...]