What’s up in Mortgage Today – 6.15.23
MBS down 17 bps on the open. Stocks gained 19.74 Bonds were already moderately stronger on the day and are extending the gains cautiously so far. Coming in as-expected at the core level [...]
MBS down 17 bps on the open. Stocks gained 19.74 Bonds were already moderately stronger on the day and are extending the gains cautiously so far. Coming in as-expected at the core level [...]
MBS down 17 bps on the open. Stocks gained 19.74 Bonds were already moderately stronger on the day and are extending the gains cautiously so far. Coming in as-expected at the core level [...]
MBS were completely flat early. Bonds extended Friday's selling pressure at the start of the overnight with both 10yr yields and longer-run Fed rate expectations lurching higher in Asia. The European session added [...]
MBS were completely flat early. Bonds extended Friday's selling pressure at the start of the overnight with both 10yr yields and longer-run Fed rate expectations lurching higher in Asia. The European session added [...]
MBS opened flat but later dropped by 25 bps, while stocks rose by 25 points. The Nonfarm Payrolls report surpassed expectations with 339k jobs added, but unemployment increased to 3.7%, and earnings fell [...]
MBS up 23 bps in the morning. 3 winning mornings in a row. Stocks up 8.89 points Challenger Job Cuts= 80.1k vs 92k f'cast ADP Employment = 278k vs 200k f'cast [296k prev] [...]
MBS are up 20 bps this morning early. Nice gain. Stocks down 23 points Bonds rallied to nearly the lowest yields of the day after the Chi-PMI data but have erased all of [...]
MBS rose by 31 bps, stocks were up 10 points, and bonds opened stronger in Asia due to unresolved debt ceiling issues, friendly comments from the BOJ, and Ukraine war escalation. Despite slightly [...]