Wednesday, September 7, 2011

Technical Support for Treasuries and What it Might Mean for Lock/Float Strategy

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Sep 7, 2011 3:57PM

Technical Support for Treasuries and What it Might Mean for Lock/Float Strategy

Who in the world would talk about SUPPORT (evidence for an intermediate FLOOR for prices) when 10yr yields are around 2% and MBS are near all time highs? We would... But not because we're sure these supportive developments are here for the long haul. We'd just like to point them out to you because we think the current goings-on in 10yr yields and MBS prices are potentially a great way to look at intermediate to longer term lock/float strategy. You may be well aware that bond markets are generall...

Sep 7, 2011 10:36AM

MGIC Writes More MI in August, Delinquencies Down

MGIC announced its monthly operating statistics today for August, showing an increase in mortgage insurance and a decrease in delinquencies . New insurance written in August totalled 227842.3 bln. This is the highest level of the year, although July 2011, January 2011 and August of 2011 all stood at 227842.2 bln. The company also reported a decrease in the number of delinquent loans on its books, from 185,093 in July to 183,338 in August, also down 23.73% from one year ago (225,310 in Aug 2010). The improving...


Micro News

3:53 PM:

Finally Some Economic Data! Plus Bernanke and Obama

3:15 PM:

TSYs Weaken After Hours as Stocks Keep Gaining, MBS Outperforming

3:11 PM:

Beige Book - Many Regions Saw Mixed or Slower Growth

12:25 PM:

MBS Back to AM Levels, Possible Reprices For The Better

11:20 AM:

Fed's Evans: Need "Strong Action Now" to Boost Jobs

11:03 AM:

NAHB Releases First "Improving Markets Index (IMI)"

9:49 AM:

Fed Considers Buying More Long-Term Treasuries

9:37 AM:

MGIC Writes More Insurance, Delinquencies Fall

Around the Web

Video News

Banks Are Asked To Submit Capital Plans

Mesirow's Swonk Sees Fed's Evans `Pushing Hard' for QE3

Bove Says BofA May Cut 30,000 Jobs, Stock May Rise 50%


Today's Comments

Matthew Graham

"thanks guys. couple answers... Kent, remember that a HUGE reason MBS are even as risk-free as they are is due to the explicit/implicit government guarantee..."

Jason Harris

"Matt...if we did see treasury yields dip to 1.5% or something carzy along those lines...is it your opinion that the spread in MBS would simply widen? Or..."

Kent Taylor

"US Debt is downgraded & yet MBS is perceived as riskier? Doesn't make a lot of sense does it? This economy needs a Housing rebound to really get..."

Today's Q&A

Anonymous

"Who can I talk to about a property that has gone back to the..."

Anonymous

"I have a Seperation Agreement form signed by myself and my ex..."

Anonymous

"I am interested in buying a home that was listed a few years..."