UMBS were up 5 bps on the morning so far. From Chris Maloney - Interest rate futures predict five rate cuts this year, and while I am inclined to disagree with that view. Though, [...]
Financial Market Update: Bonds Rally Despite Strong GDP Report In a surprising turn of events, the bond market rallied despite a robust GDP report, showcasing the complexity of today's economic landscape. The fourth-quarter [...]
After a turbulent start to the year, optimism in the U.S. financial markets is rebounding with expectations of Federal Reserve rate cuts and the sustained growth of the AI sector. European bond markets [...]
Weird open for the MBS today. The 6.0 is flat but the 5.5 is down over 30 bps. The 6.5 is down 9 bps. Data from Friday reflected an unexpected decline in wholesale prices, [...]
UMBS were up 16 bps on the open. Markets are still digesting yesterday's data. M/M Core CPI = 0.3 vs 0.3 f'cast [0.3 prev] Y/Y Core CPI = 3.9 vs 3.8 f'cast [4.0 [...]
Mortgage-Backed Securities (MBS) held steady this morning, with stocks experiencing slight declines due to ongoing pressure on Boeing. Renowned investor Bill Gross has voiced concerns about overvalued Treasuries and expressed his preference for [...]
In the world of mortgage and real estate, it's crucial to keep an eye on the broader financial landscape. Today, UMBS 5.5 and 6.0 held steady, showing no major shifts in the mortgage-backed [...]
Big Day Jobs Day And the market didn't like the data early. UMBS were down 16 bps early on the 6.0 with the 5.5 down 28 Nonfarm Payrolls = 216k vs 170k f'cast [...]