What’s up in Mortgage Today – 5.31.23
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 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 [...]
Mortgage-backed securities (MBS) started with a slight increase of 2 bps, while stocks rose by 7 points. The bond market didn't follow the 3-5bp rally in European bonds and remained mostly flat in [...]
MBS and stock markets experience early ups and downs, with overnight bond gains in Asia and Europe. Despite Retail Sales news not meeting forecasts, internal components were positive, with nonstore retailers seeing a [...]
Mortgage-backed securities (MBS) started off down 12 basis points (bps), while the 10-year bond yield increased by 4bps, and stocks rose by 7.88 points. Overnight, bonds were moderately weaker with no specific driver [...]
The bond market showed some weakness overnight, with European trading sessions seeing most of the movement. The domestic session saw some losses, but they were mostly erased after economic data was released at [...]
The bond market saw an improvement with 10yr yields dropping about 5bps on Thursday due to some flight-to-safety buying on another round of regional bank short selling. The S&P SPDR regional bank ETF [...]
Mortgage-backed securities (MBS) rose by 19 basis points (bps) and stocks went up by 6 points following the release of Consumer Price Index (CPI) numbers. Bond prices were unchanged before the release of [...]