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Mortgage News Daily

MBS Day Ahead: Bonds Adrift on an Angry Sea of Red

Posted To: MBS Commentary

Not to be confused with the Red Sea, which is an actual place, the sea of red in the title is merely a reference to general bias toward weakness in bond markets for however long you care to look back in time (provided you don't look back more than 2 years). Most pressing is the time frame between now and the end of August which has seen 10yr yields rise nearly 20bps. That makes the past 3 weeks the worst selling spree since April, and introduces yet another attempt to break free from the gravitational pull of 10yr yields at 3%. Bond bulls hope to see gravity kick in at the teal line in the following chart. The manner in which it's been approached suggests we shouldn't take such support for granted, but neither can the technical significance of the 3% zone (3.015% specifically, over...(read more)

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Broker, Sales Products; Lender and Agency Florence Updates

Posted To: Pipeline Press

TRID 2.0: mandatory compliance on 10/1 is only a few weeks away. Temenos has a primer on it , as does Qualia . The MBA had a piece on it . The NY MBA has a webinar next week. In Michigan the MMLA has a seminar on it this week. Hopefully everyone’s up to speed already. Lender Products and Services Stearns Wholesale helps brokers grow and brand their business with social media. Marketing Tools for SNAP 2.0 now offers Social Media Graphics for our most popular products and services. This marketing portal allows you to create personalized marketing pieces to help you extend your reach, grow your customer base and brand your business. Customizable flyer and social media templates can be personalized for both business-to-business and consumer relationships. It’s Easy! We provide the flyers...(read more)

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MBS RECAP: Bonds Battle Back After Hitting Long-Term High Yields

Posted To: MBS Commentary

10yr yields briefly hit their highest levels since May 23rd this morning after one large trade started a snowball sell-off in Treasuries. Before that, modest weakness was already intact. "A snowball sell-off to 4-month highs" sounds a bit more dramatic than the actual scope of weakness. At the worst moments of the day, we were still looking at less than 3bps of losses in 10yr yields. It didn't take long for buyers to take advantage of the yields, even though traders were contending with another big day of corporate bond issuance . Making the rally slightly less impressive was the fact that stocks were selling at the same time, potentially adding a risk-off component to the move. Ultimately, 10yr yields weren't willing to dip back below the 2.99% technical level and Fannie...(read more)

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Barbara Jenkins
Loganville, GA 30052

Direct: 678-639-0700
Mobile/Text: 404-401-0569

Solid Source Realty
Corporate office
10900 Crabapple Road, Roswell GA 30019
Office: 770-475-1130 Ext 4769

Fax:888-607-0732
Email: barbara@thehouseofsold.com

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