Mortgage-backed securities are down as investors fled the bond markets in favor of equity markets yesterday. Also, German unemployment numbers are up today amid the continuing European debt crisis.
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Treasury and MBS Prices Flat – Market Update
The 10-year treasury yield is at 1.92 percent today, relatively flat from yesterday. Yields will likely remain low while worries over momentum in the U.S. continue, and investors keep an eye on the European debt crisis.
Treasuries Up for Sixth Straight Week – Market Update
Treasuries are up for the sixth straight week, marking the longest streak since June of 2011.
Spain Credit Rating Downgraded – Market Update
As the GDP report came in nearly a full percent lower than last quarter, many analyst suggest that the economy has slowed down. Also, Standard and Poor’s downgraded Spain’s credit rating yesterday for the second time since January.
Treasuries Up Amid FOMC Rate Decision – Market Update
Treasuries are up this morning amid the FOMC Rate decision where Ben Bernanke pledged to help spur economy expansion if needed. Also, the government is set to sell $29 billion of seven-year notes today.
Interest Rates May Rise Amid European Debt Unrest – Market Update
Reports reveal that the Federal Reserve may rethink their pledge to keep interest rates low today, amid worries over the European debt crisis and slowing economic growth. This forecast has had a negative impact on the bond market this morning.
Treasuries Down – Market Update
Treasuries are down this morning amid the reported drop in new home sales for the month of March. Also, the Federal Reserve will start a two-day meeting with Chairman Ben Bernanke today, with Bernanke scheduled to hold a press conference tomorrow.
Mortgage-Backed Securities Up – Market Update
Mortgage-backed securities are up this morning amid news that election polls in France show Socialist Francois Hollande ahead of current President Nicolas Sarkozy. Reports reveal that the market views Sarkozy as the candidate more likely to stimulate economic growth.
Treasuries Down – Market Update
The economic reports released yesterday revealed that the sales of previously owned homes have dropped, while jobless claims are up. These events have pushed the 10-year treasury yield down below 2 percent.
Mortgage-Backed Securities Up – Market Update
Mortgage-backed securities have experienced marginal gains this morning, while treasuries remain flat. Also, the U.S. home sales report is expected to show that home sales increased in March.
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