UMBS opened down 3 bps on the morning. Equity futures fluctuated after the S&P 500 hit at another all-time high. New home purchase applications rose 15.7% year-over-year in February, according to the MBA. The [...]
UMBS opened up 11 bps in the AM. Stocks are lower this morning after the Bank of Japan officially ended its twelve year era of negative interest rates. Housing starts rose 10.7% month-over-month and 5.9% year-over-year to [...]
UMBS down 8 bps on the open. S&P futures opened up 37.5 The Fed will be meeting Tuesday and Wednesday and will announce its latest interest rate decision Wednesday. With markets widely expecting [...]
MBS opened down another 11 bps this morning. A recent pickup in inflation isn’t likely to shift Federal Reserve policymakers’ forecasts for three interest-rate cuts this year and four in 2025, according to [...]
UMBS opened down 20 bps. S&P Futures up 17.25 While the retail sales number is a bit below forecast and the revisions makes last month even worse, the higher core PPI reading is [...]
UMBS opened down 16 bps and Stocks futures down 4.5 In general, there was some optimism heading into yesterday's CPI and while it briefly seemed to have been justified (in the first few [...]
UMBS opened down 13 bps The bond market was definitely hoping for some love after last month's CPI hit so hard, but alas... no love. Underlying US inflation topped forecasts for a second [...]
UMBS opened down 16 bps. Contracts on the S&P 500 and Nasdaq 100 traded around flat, though chipmakers — at the forefront of the recent rally — rose in premarket trading. Both US [...]