UMBS down 33 bps on the open. Ouch. M/M Core PPI = 0.5 vs 0.1 f'cast [-0.1 prev] Y/Y Core PPI = 2.0 vs 1.6 f'cast, [1.8 prev] This is a huge miss [...]
UMBS were down 6 bps in early trading. Stock futures rose and bonds fell before a record $42 billion sale of 10-year Treasuries, with investors also awaiting a handful of Federal Reserve speakers [...]
UMBS were up 9 bps in early trading. Global bond markets steadied after the biggest two-day selloff in months, while stocks looked for direction amid mixed earnings. Investors continue to fret over the [...]
UMBS down 25 bps in early trading. The 5.5 coupon down 41. Powell told CBS Sunday that the central bank would be cautious about rate cuts and that the Fed was still searching [...]
UMBS were down 30 bps in the first hour of trading. Nonfarm Payrolls = 353k vs 180k f'cast last month revised to 333k from 216k Unemployment Rate = 3.7 vs 3.8 f'cast Earnings [...]
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 [...]