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Bond Bulls Running as PMI Data Confirms Rate Ceiling

Bond Bulls Running as PMI Data Confirms Rate Ceiling

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Bond Bulls Running as PMI Data Confirms Rate Ceiling
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Bond Bulls Running as PMI Data Confirms Rate Ceiling
Bond Bulls Running as PMI Data Confirms Rate Ceiling
Bond Bulls Running as PMI Data Confirms Rate Ceiling
Bond Bulls Running as PMI Data Confirms Rate Ceiling
News & media website News & media website | 1 year ago
A slew of PMI reports (Purchasing Manager Indices, which are essentially more granular, more timely, and only slightly more focused versions of GDP) sparked a massive rally in European bonds overnight.Β  That spilled over to US bonds but without extreme effect.Β  Things improved after domestic PMI data made similar suggestions (slower growth and less inflation), with bonds at their best levels since before the last fateful CPI report (the one that sparked last week's drama).Β  Barring another C...
A slew of PMI reports (Purchasing Manager Indices, which are essentially more granular, more timely, and only slightly more focused versions of GDP) sparked a massive rally in European bonds overnight.Β  That spilled over to US bonds but without extreme effect.Β  Things improved after domestic PMI data made similar suggestions (slower growth and less inflation), with bonds at their best levels since before the last fateful CPI report (the one that sparked last week's drama).Β  Barring another C...
MBS Live Recap: Rate Ceiling Considerations Ahead of Inflation Data
MBS Live Recap: Rate Ceiling Considerations Ahead of Inflation Data
MBS Live Recap: Rate Ceiling Considerations Ahead of Inflation Data
MBS Live Recap: Rate Ceiling Considerations Ahead of Inflation Data
News & media website News & media website | 1 year ago
Rate Ceiling Considerations Ahead of Inflation Data Rates/bonds were under pressure ahead of today's 7yr Treasury auction and managed to recover afterward.  The auction stats were quite strong, but that was largely a factor of the weakness in advance (i.e. bond prices fell in the AM, which made them more attractive in the PM).  By the end of the day, both MBS and Treasuries made it back to unchanged levels or slightly stronger. The gains c...
Rate Ceiling Considerations Ahead of Inflation Data Rates/bonds were under pressure ahead of today's 7yr Treasury auction and managed to recover afterward.  The auction stats were quite strong, but that was largely a factor of the weakness in advance (i.e. bond prices fell in the AM, which made them more attractive in the PM).  By the end of the day, both MBS and Treasuries made it back to unchanged levels or slightly stronger. The gains c...
Senate narrowly confirms Julia Gordon as FHA commissioner
Senate narrowly confirms Julia Gordon as FHA commissioner
Senate narrowly confirms Julia Gordon as FHA commissioner
Senate narrowly confirms Julia Gordon as FHA commissioner
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
The vote was 51-50 in favor, with Vice President Kamala Harris breaking a tie as opposition by Republicans continued.
The vote was 51-50 in favor, with Vice President Kamala Harris breaking a tie as opposition by Republicans continued.
Rate Consolidation Running Out of Room
Rate Consolidation Running Out of Room
Rate Consolidation Running Out of Room
Rate Consolidation Running Out of Room
News & media website News & media website | 1 year ago
Consolidation Continues as Yields Avoid Both Floors and Ceilings Whereas 10yr yields were willing to temporarily test a break above the 2.91% ceiling yesterday, they barely brushed against that level today, and it was in the overnight session to boot!Β  The nearest technical level underfoot was 2.84% which saw plenty of action in AM hours, but never a viable breakout attempt.Β  If it's 2022 and bonds aren't able to cross at least one of our "key levels" on a day with some reasonably relevant eco...
Consolidation Continues as Yields Avoid Both Floors and Ceilings Whereas 10yr yields were willing to temporarily test a break above the 2.91% ceiling yesterday, they barely brushed against that level today, and it was in the overnight session to boot!Β  The nearest technical level underfoot was 2.84% which saw plenty of action in AM hours, but never a viable breakout attempt.Β  If it's 2022 and bonds aren't able to cross at least one of our "key levels" on a day with some reasonably relevant eco...
Landowner, agricultural firm Duda & Sons confirms data breach
Landowner, agricultural firm Duda & Sons confirms data breach
Landowner, agricultural firm Duda & Sons confirms data breach
Landowner, agricultural firm Duda & Sons confirms data breach
bizjournals bizjournals | 1 year ago
"Duda has taken swift action to restore the functionality and security of its data systems following the attack."
"Duda has taken swift action to restore the functionality and security of its data systems following the attack."
Fixes continue to move upwards as base rate hike bites, Moneyfacts data shows
Fixes continue to move upwards as base rate hike bites, Moneyfacts data shows
Fixes continue to move upwards as base rate hike bites, Moneyfacts data shows
Fixes continue to move upwards as base rate hike bites, Moneyfacts data shows
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The average rate for all fixes ticked up this week, Moneyfacts data shows. For a two-year fix, the average rate increased 3 basis points to 3.08%, while the average rate for a three-year fix moved 3 basis points in the same direction, to 3.05%. At the same time, the average rate for a five-year fix ... This story continues at Fixes continue to move upwards as base rate hike bites, Moneyfacts data shows Or just read more coverage at Mortgage Finance Gazette
The average rate for all fixes ticked up this week, Moneyfacts data shows. For a two-year fix, the average rate increased 3 basis points to 3.08%, while the average rate for a three-year fix moved 3 basis points in the same direction, to 3.05%. At the same time, the average rate for a five-year fix ... This story continues at Fixes continue to move upwards as base rate hike bites, Moneyfacts data shows Or just read more coverage at Mortgage Finance Gazette
Paradoxical Bond Bounce Despite Hotter Inflation Data
Paradoxical Bond Bounce Despite Hotter Inflation Data
Paradoxical Bond Bounce Despite Hotter Inflation Data
Paradoxical Bond Bounce Despite Hotter Inflation Data
News & media website News & media website | 1 year ago
We knew CPI was the biggest potential market mover this week and it hasn't disappointed in that regard.Β  It has also provided bonus entertainment in the form of a paradoxical recovery after a sharp initial sell-off. Truth be told, the initial sell-off was surprisingly tame given the 1.3 vs 1.1 CPI headline.Β  10yr yields didn't even make it up to last week's highs.Β  Far more surprising was the move back to stronger territory that happened shortly after 10am. There are no obvious individual he...
We knew CPI was the biggest potential market mover this week and it hasn't disappointed in that regard.Β  It has also provided bonus entertainment in the form of a paradoxical recovery after a sharp initial sell-off. Truth be told, the initial sell-off was surprisingly tame given the 1.3 vs 1.1 CPI headline.Β  10yr yields didn't even make it up to last week's highs.Β  Far more surprising was the move back to stronger territory that happened shortly after 10am. There are no obvious individual he...
Rally Accelerates After Weak PMI Data. Fed Coming Up Next Week
Rally Accelerates After Weak PMI Data. Fed Coming Up Next Week
Rally Accelerates After Weak PMI Data. Fed Coming Up Next Week
Rally Accelerates After Weak PMI Data. Fed Coming Up Next Week
News & media website News & media website | 1 year ago
Rally Accelerates After Weak PMI Data. Fed Coming Up Next Week Eurozone PMI data was much weaker in the overnight session, leading to a big rally in bonds at home and abroad.Β  10yr yields were thus able to walk in the door down several bps, trading just over 2.80% after being nearly 30bps higher yesterday morning.Β  Weaker non-manufacturing PMI in the U.S. only added to the gains at 9:45am.Β  Bonds held most of those gains by the end of the trading day.Β  Next week's headliner is the Fed Announ...
Rally Accelerates After Weak PMI Data. Fed Coming Up Next Week Eurozone PMI data was much weaker in the overnight session, leading to a big rally in bonds at home and abroad.Β  10yr yields were thus able to walk in the door down several bps, trading just over 2.80% after being nearly 30bps higher yesterday morning.Β  Weaker non-manufacturing PMI in the U.S. only added to the gains at 9:45am.Β  Bonds held most of those gains by the end of the trading day.Β  Next week's headliner is the Fed Announ...
How to get rid of PMI: Remove conventional PMI or FHA MIP
How to get rid of PMI: Remove conventional PMI or FHA MIP
How to get rid of PMI: Remove conventional PMI or FHA MIP
How to get rid of PMI: Remove conventional PMI or FHA MIP
themortgagereports.com themortgagereports.c... | 1 year ago
Here are four ways to get rid of PMI on a conventional loan or MIP an an FHA loan. Get started today.
Here are four ways to get rid of PMI on a conventional loan or MIP an an FHA loan. Get started today.
MBS Live Recap: No Whammies in Inflation Data. Is The Ceiling In?
MBS Live Recap: No Whammies in Inflation Data. Is The Ceiling In?
MBS Live Recap: No Whammies in Inflation Data. Is The Ceiling In?
MBS Live Recap: No Whammies in Inflation Data. Is The Ceiling In?
News & media website News & media website | 1 year ago
"Little-Changed" Friday, Both For Bonds and Inflation Today begins with the much-anticipated PCE inflation data coming in right in line with expectations.  The result: a bond market that was already mostly unchanged in the overnight session remains mostly unchanged in early trading.  With yields hovering around the best levels in more than a month, it's hard to object to the flat performance.  In fact, even a modest give-back could be tole...
"Little-Changed" Friday, Both For Bonds and Inflation Today begins with the much-anticipated PCE inflation data coming in right in line with expectations.  The result: a bond market that was already mostly unchanged in the overnight session remains mostly unchanged in early trading.  With yields hovering around the best levels in more than a month, it's hard to object to the flat performance.  In fact, even a modest give-back could be tole...