Our 6.0's are at new yearly lows down to 99-07. Read More Now
Read more »Wednesday 10/15... New lows
Wednesday 10/15 ... Sorry To Report (MBS Down Already....)
6.0's cliff-diving early AM already...down 1 tick to 99-18. Read More Now
Read more »Wednesday 10/15 ... MBS Opening In the Green
6.0's up 6+ ticks to 99-25+ in the first 10 minutes this morning.Dow Futures down just over 100 points.Treasuries outperforming MBS slightly with 5 yr up 11 ticks and 10yr up 15+ ticks. Read More Now
Read more »Wednesday 10/15 ... First Round Of Data In
- PPI
- Headline Down .4%
- Core UP .4% slightly higher than the expectation of .2%, which may act as somewhat of an inhibition to continued aggressive rate cuts, but CPI will need to add confirmation
- Retail Sales
- Headline Down 1.2%
- Excluding Autos down .6%
- Much worse than expected (-.7% headline), but so far MBS not reacting... ...CONTINUED - Read More Now
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Tuesday 10/14 ... A Graph, or Rather....
An artistic rendering of today's events in graphical format.... Read More Now
Read more »Tuesday 10/14 ... Some selling in Current Coupons Now
6.0's are down 4 ticks currently, making it more likely that we'll lose the eighth we previously mentioned.Reprices are possible but not guaranteed. Read More Now
Read more »Tuesday 10/14 ... New Lows
6.0's have ticked down to 100-00+ which is 5 ticks down on the day. Additional reprice risk now. Read More Now
Read more »Tuesday 10/14 ... All Unfolding As Expected for MBS
Yesterday, we suggested the probability that while actual prices of MBS might face an uphill battle today, that we would see a dramatic tightening in spread. Indeed, this is exactly the case this morning. 6.0 MBS are currently unchanged at 100-05+, whereas both 5 and 10 year treasuries are roughly 30-40 ticks worse. In case you were in a deep deep hibernat... ...CONTINUED - Read More Now
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