MBS down 6 bps on the open. Bonds were already moderately weaker overnight after following choppy selling in Europe. This econ data is not helping for obvious reasons (strong economic data = bad [...]

MBS 5.5 up 6 bps early. Not much, but on the good side of things for once. Bonds were flat to slightly weaker in Asia, but rallied with European bonds after 3am on [...]

MBS 5.5 down 16 bps to start the day. Bonds had a mixed overnight session, holding flat in Asia, rallying into European hours, then selling back to unchanged after EU PMI data came [...]

UMBS 5.5 is off 23 bps early. "Supply" is the theme of the day/week so far with bonds drifting weaker in the overnight session as European supply pushed EU yields higher. Now in [...]

Friday - January 20, 2023 MBS down 11 bps early. Bonds began the overnight session with minimal losses, but yields rose at a faster pace when European trading started.  There are no big-ticket [...]

UMBS down 8 bps on the open. Bonds began the overnight session in stronger territory as overseas buyers dogpiled on Wednesday's strong move. Gradual weakness set in after that. Jobless Claims * 190k [...]

Monday - January 9, 2023 UMBS up 19 bps early. 10y flat. Stocks extended global gains in risk assets, driven by China’s reopening trade and expectations of slower rate hikes. The dollar weakened [...]