What’s up in Mortgage Today – 2.24.23
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 [...]
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 [...]
Friday - February 17, 2023 Aaaand to finish the week off right, MBS down 16 on the open - again Slightly weaker out of the gate in Asia with additional weakness in Europe, [...]
Thursday - February 16, 2023 Another tough open for bonds. Down almost a quarter early. Treasuries up 4 bps. Bonds were sideways in quiet trading overnight. The big jump in producer prices and [...]
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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 tomorrow. The week ahead will [...]