Mortgage Today 12/26: Mixed Market Movements and Fed’s Changing Outlook
Tuesday - December 26, 2023 Back at it after the holiday. The 6.0 coupon were down 5 bps early. 5.5 was flat. 6.5 was up 16 bps. Markets are still digesting the data [...]
Mortgage Today 12/18: Understanding the Impact of Fed Speak and Market Resilience
UMBS were down 11 bps on the morning. Bonds were almost perfectly flat overnight with 10s trading in a narrow range between 3.89 and 3.93. The first discernible move of the day arrived [...]
Mortgage Today 12/7/23: Examining Market Reactions to Job Market Data and Inflation Trends
In today's financial update, UMBS 6.0 saw a 9 basis point decline in the morning, with the 5.5 and 5.0 performing better, raising hopes for them to return to profitability. The weakening of [...]
Mortgage Today 11/21/23: Navigating a Steady Bond Market Amid Economic Uncertainty and Retail Sales Decline
UMBS are flat on the open. Treasury yields moved lower in late trading Yesterday as investors looked ahead to the latest round of Fed Minutes. The recent data has shifted market expectations to [...]
Mortgage Today 11/3/23: Federal Reserve Tightening Evident as Bonds Gain Post-Jobs Report.
UMBS 6.5 are up 44 bps early. Bonds were only modestly stronger overnight but are adding to the gains after the jobs report. While this is a miss, it isn't a huge miss, [...]
Mortgage Today 10/26: UMBS Rally, GDP Surprises, and Bond Market Trends
UMBS are up on the day! Glorious. With current rate environment we are going to turn out attention to UMBS 6.5 coupons. They are up .38 on the morning. At first glance, a [...]