What’s up in Mortgage Today – 5.10.23
Mortgage-backed securities (MBS) rose by 19 basis points (bps) and stocks went up by 6 points following the release of Consumer Price Index (CPI) numbers. Bond prices were unchanged before the release of [...]
Mortgage-backed securities (MBS) rose by 19 basis points (bps) and stocks went up by 6 points following the release of Consumer Price Index (CPI) numbers. Bond prices were unchanged before the release of [...]
On Tuesday, MBS fell 11 bps early, while stocks also declined by 11 points. However, the 10-year treasury remained flat, and bonds were sideways to slightly stronger overnight. The dollar edged higher, and [...]
The US bond market weakened further after the release of stronger than expected non-farm payroll data. The 10-year yield climbed 7 basis points and MBS lost a quarter-point. The jobs report showed the [...]
The MBS were up by 3 basis points in the morning, while bonds remained unchanged during the domestic session. The ECB's announcement had almost no impact on the bond market, and the only [...]
In the morning, MBS were up 11 bps. Treasury down 13. Stocks down 25 points early. After being closed for the May Day holiday, EU markets were back in action this morning. Data [...]
MBS down 23 bps on the day. Stocks flat The big news out just before the open this morning is that JPM has agreed to purchase First Republic Bank's (FRC) assets and assume [...]
Yesterday's PCE numbers brought some additional implied inflation, but friendly central bank news in Japan and softer economic data in Europe helped improve bonds overnight. While Chicago PMI briefly pushed towards higher rates, [...]
On Wednesday, US equity futures increased as traders were optimistic about corporate earnings reports, with the S&P 500 rising after a two-day decline. Meanwhile, bonds remained flat overnight, but lost some ground after [...]