What’s up in Mortgage Today – 4.26.23
MBS down 5 on the open. Stocks up 5. 10yT flat Bonds traded flat in Asia and didn't move much more for most the European session. The biggest market mover of the day [...]
What’s up in Mortgage Today – 4.25.23
MBS +8 this morning. Stocks flat Bonds started the overnight session trading mostly sideways, but rallied more noticeably when European trading started. Oddly enough, Treasuries held the gains even as European bonds retraced [...]
What’s up in Mortgage Today – 4.24.23
MBS +8 this morning. Stocks flat Bonds started the overnight session trading mostly sideways, but rallied more noticeably when European trading started. Oddly enough, Treasuries held the gains even as European bonds retraced [...]
What’s up in Mortgage Today – 4.20.23
MBS up 13 bps. Stocks down 18. Long before Jobless Claims and Philly Fed hit the wires, producer price inflation data in Germany came in lower than expected, sparking a decent rally at [...]
What’s up in Mortgage Today – 4.18.23
MBS up 9 bps. Stocks flat. The construction data this morning is almost never a relevant market mover for bonds and today's installment isn't much of an exception. There was a slight amount [...]
What’s up in Mortgage Today – 4.11.23
MBS down 9 bps. Stocks flat. With the global financial market finally out of holiday weekend mode, US bond trading hasn't found any new inspiration for better or worse. Trading was almost perfectly [...]
What’s up in Mortgage Today – 4.10.23
MBS down 12 bps to start the week. Stocks down 30 points. Yields dropped modestly last night as Treasury trading got underway in Tokyo, but then held almost perfectly flat until hitting European [...]
What’s up in Mortgage Today : 4.7.23
Ouch. MBS down 37 bps this morning. It looks like it was wise for the bond market to play it safe by winding down the rally momentum yesterday because this jobs report doesn't [...]