What’s up in Mortgage Today – 3.1.23
MBS down 15 bps on the open. 10y up 5 bps. Federal Reserve Chair Jerome Powell and his colleagues confront a “legitimate head scratcher” as they probe how high to raise interest rates [...]
MBS down 15 bps on the open. 10y up 5 bps. Federal Reserve Chair Jerome Powell and his colleagues confront a “legitimate head scratcher” as they probe how high to raise interest rates [...]
MBS down 20 bps overnight. US equity futures climbed as corporate earnings surprised on the upside and returning appetite for riskier growth stocks fueled a rally in Tesla Inc. Bonds sank in the [...]
Monday - February 27, 2023 MBS up 13 bps early on the day. Durable goods orders fell 4.5% in January, according to the Census Bureau. Excluding transportation, durable goods orders rose 0.7%. Core [...]
Monday - February 20, 2023 - Presidents Day from “Discipline Equals Freedom” by Jocko Willink Your life is EVERY DAY. This isn't a part-time gig! This isn’t punch the clock and go home for the [...]
Sorry everyone - I think I jinxed us. After 2 days of being sarcastic about opening to gains - we are opening to a loss in about the amount of both gains. My [...]
Wow, green numbers 2 days in a row. We are going to get spoiled MBS up 13 bps on the open. Improved 8 while writing morning post Bonds were modestly weaker overnight, but [...]
UMBS woke up on the positive side of the bed - for once. 5.5 coupon is up 17 bps on the day. Bonds began the overnight session with a small, friendly correction in [...]
Monday - February 13, 2023 UMBS up 5 bps on the day Treasuries were mostly sideways in the overnight session which isn't too surprising given last week's sell-off and the looming CPI data [...]