Bonds Find Some Solace in Warsh Despite a Bit More Selling The past 2 days have been rough for the bond market--nothing catastrophic, but "brisk" in terms of unexpected selling pressure.  To be fair, ...

In a real sense, today's rate update is more of an addendum to yesterday's rate update. Yesterday afternoon saw heavy, continued selling in the bond market amid a flood of trading associated with the ...

We find ourselves in the 3rd quarter of 2026. The stock market has made the headlines, but between a) the reduction in the number of publicly held companies, and b) the weight given to AI-related ...

Bonds have added modestly to Tuesday's big quarter-end sell-off (a phenomenon that has nothing to do with the sorts of fundamental developments that dictate a vast majority of market movement).

Starting last Thursday, mortgage rates have barely budged. In terms of our 30yr fixed index, the maximum day-over-day change ...

Volatility Risk Ramps Up From Here Monday made it clear that traders are playing by the typical summertime, holiday week ...

Residential construction activity cooled in May, as housing starts and completions both moved lower while building permits ...

Why We Saw Steady Selling All Day We expected volatility would pick up on Tuesday for one reason or another and it did not ...

New home sales weakened further in May, extending the pullback seen over the past several months as elevated mortgage rates ...

Mostly Holding Yesterday's Big Gains Bonds began the day in modestly weaker territory, but not weak enough to take 10yr ...

The PCE price index may be a less timely report than CPI/PPI when it comes to measuring inflation in the U.S., but it's more ...

Early Gains. Flat Afternoon. MBS Underperform Friday ended up offering a boring conclusion to a week that had at least some ...