Archive for January, 2010
Thursday, January 28th, 2010
Posted To: MBS CommentaryAfter another decent auction--this time $32 bln in 7yr Notes--bonds showed little inclination toward volatile movement in either direction. Relatively light supply in MBS vs. relatively healthy demand across the stack (but from different sources - Fed at the low end in particular) helped keep prices in ...
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Thursday, January 28th, 2010
Posted To: MND NewsWireThe Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the week ending January 27, 2010, the Federal Reserve purchased a total of $12.50 billion agency MBS. In those five days the Federal Reserve sold $500 million (supported the roll market) for ...
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Thursday, January 28th, 2010
Posted To: Mortgage Rate WatchMortgage rates rose after the release of the FOMC statement yesterday. Whiel the interest rate sell off wasn’t substantial, MBS prices declined enough to force lenders to reprice for the worse. Overall there were only small adjustements made to the FOMC statement. The vote on whether ...
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Thursday, January 28th, 2010
Posted To: MBS CommentaryAll the shoes have dropped for the trading day, so what is there left to do? Sideways and range-bound with decreasing volatility? Sounds good... But don't let the docile nature of the charts fool you. Sure, it looks like we've had a low volatility day - rangebound ...
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Thursday, January 28th, 2010
Posted To: The Garrett Watts ReportWe are seeing more and more CEOs looking for accurate and concise information about their companies to help detect positive and negative trends. Rather than shifting through hoards of reports and data, they would rather have a one page “Dashboard” that shows the key drivers, ...
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Thursday, January 28th, 2010
Posted To: MBS CommentaryThe Treasury has successfully auctioned $32 billion 7-year notes. This was the third consecutive time the 7 year note offering has been at a record $32 billion size. The high yield was 3.127%, which was 0.5 basis points lower than the 1pm "When Issued" yield, which is ...
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Thursday, January 28th, 2010
Posted To: MBS CommentaryIts been an interesting morning in the rates market. After showing signs of a possible bounce yesterday afternoon, stocks have broken the 1087 support level. The S&P is -1.41% at 1082 at the moment. This was not done is high volume so nothing has been confirmed, however ...
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Thursday, January 28th, 2010
Posted To: Pipeline PressAs a way to conserve fresh drinking water, a number of conservation groups are now calling for an end to toilets that flush. To which gas station owners say, "We are so ahead of you. We've been doing that for years." As expected, the FOMC left overnight ...
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Thursday, January 28th, 2010
Posted To: MBS CommentaryAll was good in the rates market leading up to 215pm yesterday. Rate sheet rebate was holding close to month over month bests, 10s were quietly bouncing back and forth around 3.62% and the FN 4.5 MBS coupon continued to move in a range. This was all ...
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Thursday, January 28th, 2010
Posted To: MND NewsWireOne day after President Obama’s State of the Union Address, the US dollar is up, buzzing near it's highest level since August 2008. Equity futures are also looking up ahead of durable goods data, which is expected to surge on aircraft orders, and jobless claims, which are ...
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