The 3pm Bond Report – December 6, 2021

(Please visit the site to view this media)

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


The 3pm Bond Report – December 6, 2021
The 3pm Bond Report – December 6, 2021

Mortgage Rates Started Flat, But Moved Higher in The Afternoon

Posted To: Mortgage Rate Watch

Mortgage rates have been in a very narrow , sideways range since October. During that time, the average 30yr fixed rate hasn’t moved by more than an eighth of a percent in either direction. Today was no exception. Despite the narrow range, the underlying bond market continues to move every day and mortgage lenders continue making small adjustments. Lenders prefer to make those adjustments once each day, by announcing rates in the morning and then adjusting based on market conditions 24 hours later. But if markets move enough during the course of a single business day, lenders will recall the initially announced rates and send out a new announcement. These so-called mid-day reprices can happen in either direction. It didn’t look like we would see any today based on market movement in the first…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Mortgage Rates Started Flat, But Moved Higher in The Afternoon
Mortgage Rates Started Flat, But Moved Higher in The Afternoon

Fed could issue fewer rate hikes if inflation settles, says Nuveen's Malik

(Please visit the site to view this media)

Saira Malik, Nuveen Global Equity CIO, joins "Closing Bell" to discuss her outlook for the Federal Reserve and interest rates in 2022.

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Fed could issue fewer rate hikes if inflation settles, says Nuveen's Malik
Fed could issue fewer rate hikes if inflation settles, says Nuveen's Malik

Dow on track to reverse all of last week's losses

(Please visit the site to view this media)

CNBC's Mike Santoli breaks down the state of the markets ahead of Monday's closing bell.

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Dow on track to reverse all of last week's losses
Dow on track to reverse all of last week's losses

The yield curve is starting to signal worries of Fed policy mistake, says Mohamed El-Erian

(Please visit the site to view this media)

Mohamed El-Erian, Allianz and Gramercy advisor, joins CNBC's 'Squawk Box' to discuss markets, inflation and the Federal Reserve.

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


The yield curve is starting to signal worries of Fed policy mistake, says Mohamed El-Erian
The yield curve is starting to signal worries of Fed policy mistake, says Mohamed El-Erian

MBS Morning: Decent Start Considering The Headwinds

Posted To: MBS Commentary

Although MBS have been underperforming, the broader trend in the bond market remains in good shape–especially in light of current headwinds. The most notable headwind is the general optimism surrounding the omicron variant based on the weekend's news cycle. Beyond that, we're never surprised to see bonds acting a bit defensively in the days leading up to a Treasury auction cycle. The outright level of weakness is tolerable for now, but we'll need to keep an eye on the pivot point at 1.41% in 10yr yields. Breaking below that level facilitated a snowball rally on Friday–one that we suspected was exaggerated by week-end position squaring. If yields hold below 1.41 despite the better new on omicron and the impending auction cycle, it would be a fairly bullish statement for bonds….(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


MBS Morning: Decent Start Considering The Headwinds
MBS Morning: Decent Start Considering The Headwinds

Correspondent, Warehouse, Sales Jobs; Referral, VOE Tools; Upcoming Events and Training

Posted To: Pipeline Press

Do you smoke weed? Have you been vaccinated against COVID? Too early in the workweek for those questions? (Is it okay to ask if someone’s been vaccinated against polio?) Some questions aren’t, can’t be, shouldn’t be, are too politically charged to be, asked. We don’t want to need a lawyer to have a conversation with a co-worker or underling. This one is a little easier: What percent of outstanding MBS (mortgage-backed securities) is owned by the Federal Reserve? The answer is 30 percent . That’s a lot. Smarter minds than mine opined that the $1.5 billion cap fear (remember that when it came to window sales?) was exaggerated. Fifteen years ago securitizing was normal, even if you were doing $50 million a month. The $1.5 billion cap per Agency window sale cap…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Correspondent, Warehouse, Sales Jobs; Referral, VOE Tools; Upcoming Events and Training
Correspondent, Warehouse, Sales Jobs; Referral, VOE Tools; Upcoming Events and Training

The 9am Bond Report – December 6, 2021

(Please visit the site to view this media)

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


The 9am Bond Report – December 6, 2021
The 9am Bond Report – December 6, 2021

Market reaction to omicron, Fed uncertainty overdone: Defiance ETFs' Jablonski

(Please visit the site to view this media)

Defiance ETFs' Sylvia Jablonski and Kevin Nicholson, co-chief investment officer of global fixed income at RiverFront Investment Group, join 'Squawk Box' to discuss markets ahead of the open.

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Market reaction to omicron, Fed uncertainty overdone: Defiance ETFs' Jablonski
Market reaction to omicron, Fed uncertainty overdone: Defiance ETFs' Jablonski

Omicron Helping Rates More Than The Fed is Hurting; Housing Market Shifting, But Might Not Be Cooling

Several developments are converging on the global economy and financial markets at the moment. Each brings its own causes for concern. Together, they bring a significant increase in volatility. Should we be worried about Omicron? Answering such questions is beyond the scope of this newsletter. What we can say is that the financial market is clearly asking itself this question and the effects are obvious. Stocks had been flat in the weeks leading up to omicron and bonds had been moving higher in yield. Post-omicron and they’ve entered into a familiar risk-aversion pattern marked by lower stock prices and bond yields. The same “risk-off” vibes are apparent in other assets as well. Covid may not be the only consideration for oil prices, but it did give them a push. Lower oil prices don’t dictate
Omicron Helping Rates More Than The Fed is Hurting; Housing Market Shifting, But Might Not Be Cooling
Omicron Helping Rates More Than The Fed is Hurting; Housing Market Shifting, But Might Not Be Cooling