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 [...]

Friday - January 13, 2023 Bonds began the overnight session just slightly weaker and then held perfectly flat in Asia. UMBS down 14 bps on the open as the market continues to digest [...]

UMBS 5.5 up 17 bps on the open.  Mostly trades in prediction of CPI coming tomorrow. Federal Reserve Chair Jerome Powell in remarks Tuesday refrained from commenting on the outlook for monetary policy [...]

UMBS down almost a quarter point early. Mostly from European hours as ECB made comments about the economy needing to slow down. Accelerated on the US open. Mostly gains taking and strategy for [...]

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 [...]

Monday - January 2, 2023 Tuesday - January 3, 2023 European bond markets rallied yesterday and again in the overnight session. Reports are showing that European inflation is moderating. This resulted in our [...]

Thursday - January 5, 2023 UMBS down .41 on the open. The big bad actor this morning is the stronger ADP employment report. Traders continue to wait for evidence of increased slack in [...]

Overnight bonds moved gradually lower as volume is coming back. Lower French inflation kicked off the rally in Europe. On the heels of German improvement yesterday. Also, US futures advanced with stocks as [...]