What’s up in Mortgage Today – 3.7.23
UMBS 5.5 at + 3bps on the open. 10y is down 3 bps. The recent pattern in overnight trading has seen a flatter trajectory in Asia followed by a setting of the tone [...]
UMBS 5.5 at + 3bps on the open. 10y is down 3 bps. The recent pattern in overnight trading has seen a flatter trajectory in Asia followed by a setting of the tone [...]
UMBS up 9 bps on the morning. Bonds were sideways to slightly stronger amid quiet trading in Asia. Things got more volatile in Europe, but mostly for EU bonds (dueling narratives from different [...]
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 [...]
MBS are down another 30 bps this morning. 10y up 7. Neither of this morning's reports were great for bonds. Q4 is ancient history, but any indication of higher wage growth hurts. Jobless [...]
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 [...]