Author Archive
Aug
Market Snashot
Prior to 8:30 the 10 yr note traded -10/32 at 3.76%, mortgage prices were down 8/32 frm yesterday’s close; the stock indexes were up substantially (DJIA +104). At 8:30 economic data flipped markets around; July retail sales were weaker than expected, -0.1% overall and -0.6% when auto sales are extracted. Weekly jobless claims were expected [...]
Aug
Market Snapshot
Interest rate markets started a little better early this morning with the stock indexes hanging close to yesterday’s close. Today Treasury will auction $23B of 10 yr notes at 1:00. At 2:15 the FOMC meeting will conclude with their policy statement; no changes in interest rates are expected. Likely comments on the economy and re-affirming [...]
Aug
Market Snapshot
Rate markets started better this morning; the stock index trading was pointing to a lower open. Same thing; stocks weak, a little support for the bond and mortgage markets. No economic data today so watching stocks will be the focus. We are not looking for anything substantive for either market through the day. The benchmark [...]
Jul
Market Snapshot
Treasuries and mortgages opened better early this morning; at 8:30 the 10 yr note was +8/32, mortgage prices +6/32. At 9:00 the 10 yr +4/32 and mortgages +2/32; the stock index futures at 9:00 were pointing to a lower open, the reason we had better early morning prices in the rate markets. At 9:30 the [...]
Jul
Market Snapshot
This week’s Treasury borrowing needs is hitting the bond and mortgage markets as the week starts. At 8:30 the 10 yr note -10/32, mtgs -5/32. At 9:00 the 10 yr -23/32 3.76% +10 BP; mortgage prices -12/32. Early trade in the equity market futures were fractionally lower at 9:00. At 9:30 the DJIA opened -22; [...]
Jul
Market Snapshot
Treasuries started unchanged this morning, but mortgage prices were slightly weaker at 9:00. At 9:00 the 10 yr unch at 3.66%, mortgage prices -2/32, the DJIA futures -3. At 9:30 the DJIA opened -35, the 10 yr -6/32 and mortgage prices -5/32. (see below for 10:10 levels) Early today, after the strong stock market rally [...]
Jul
Market Snapshot
The bond and mortgage markets opened unchanged but with little to drive it after the strong moves yesterday at 9:00 the 10 yr -4/32 at 3.50% and mortgage prices -3/32. The stock market trade at 9:00 had the DJIA futures down 61 points. At 9:30 the DJIA opened -55, 10 yr note -1/32 and mortgage prices [...]
Jul
Market Snapshot
No follow-through from the small rally yesterday. Treasuries and mortgages opened weaker this morning with the stock market pointing to a better open at 9:30. At 9:00 the 10 yr note -13/32 3.66% +4 BP; mortgage prices -6/32 frm yesterday’s close. At 9:30 the DJIA opened +70, the 10 yr -12/32 3.65% +4 BP and [...]
Jul
Market Snapshot
Treasuries and mortgages are weaker this morning after last week’s big rate increases. Still a stock market trade, early today the stock index futures trading was pointing to another firm opening. At 9:00 the 10 yr traded -7/32 at 3.68% +3 BP, mortgage prices down 3/32 (.09 bps) and the DJIA +37. At 9:30 the [...]
Jul
Market Snapshot
The bond and mortgage markets started weaker this morning with the stock market trade pointing to a strong open at 9:30. At 8:30 the 10 yr note was -9/32 at 3.51%, mortgage prices were down 6/32, the DJIA index futures was +83. At 9:00; the 10 yr -9/32, mtgs -6/32 and the DJIA +88. At 9:30 [...]