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Most Popular Posts
- Daily oscillators are still posting positive readings and holding above midrange levels – all good things for those that want lower mortgages/better pricing
- Dallas Zip Code Map – Fort Worth Zipcode Map – DFW Zip Code Maps
- Using one standard deviation and a dart board, our bias is for 100k in job losses and a 9.9% unemployment rate
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- 2010 Central Texas Homestead Exemption Forms
- Austin Mortgage Market Update – For the week of November 15, 2010
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- We see the selling as shallow into the later part of the week and then a rebound/rally to deliver better mortgage pricing as we close the book on July
- Texas Mortgage Rates Moved Higher This Week
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Tag Archives: indirect bidders
Signs of strong demand for 7 year notes
Demand was very good as 50% of the issue was taken by Indirect Bidders. Bid to cover ratios came in at 3.06 to 1. Both of those measures were above average. The issue was also “bid through the screen”, meaning that some got shut out even if they had at the money bids in. That is a sign of strong demand. Continue reading
Sellers are in control of the market with additional downside (higher yield/worsening Austin mortgage pricing ) a high probability
Sellers are in control of the market with additional downside (higher yield/worsening Austin mortgage pricing ) a high probability. Continue reading
Overall, this 30 year bond auction was not a dog but a pack of them
13 billion of 30 year bonds just hit the tape. Yield 3.852% with a whopping 3.2 bps tail. Indirect Bidders and Direct Bidders took 41% of the auction, leaving the street to mop up nearly 60%. Bid to cover stunk at 2.47 to 1. Overall, this was not a dog but a pack of them. Give it a D just because we hate to fail anybody. Bonds, notes, and mortgage backs are trading fast market conditions with the 10 year off ½ point and the bond down over 1 point. MBS now off 5 to 7/32’s. Continue reading
We’ll give the 10 year note auction a B, not to hot, not to cold, but just right considering yesterday’s disaster
We’ll give the auction a B, not to hot, not to cold, but just right considering yesterday’s disaster and the tough hedging environment that fixed income investors are in today. Continue reading
Auction Update: 7-yr note auction draws 1.890%
Auction Update: 7-yr note auction draws 1.890%. Sees a 3.04 bid to cover (10-auction average of 2.84) and indirect bidders taking down 50.2%. Best bid to cover since 7-yr was brought back in Q1 2009. Pretty solid auction -Treasuries and mortgages are regaining some of the ground lost during the morning trading. Continue reading
Price action post auction has not done anything to help Austin mortgage pricing
Price action post auction has not done anything to help Austin mortgage pricing. Sell side orders are still on the heavy side with MBS still off 15/32’s. As I mentioned earlier, we don’t see this as a major trend change or a sentiment shift towards the bears. Continue reading
Austin mortgage borrowers are advised to stay a little on the defensive side until we get further confirmation that the market is headed back to those July highs
Austin mortgage borrowers are advised to stay a little on the defensive side until we get further confirmation that the market is headed back to those July highs Continue reading
Time to get a little more defensive on the market
Although volume remains light, bond bulls seem to be losing their swagger. Time to get a little more defensive on the market. Continue reading
Austin mortgage rates remaining low well into the third quarter
We will continue to trade the small range that has been with us for a couple weeks now, swinging from high to low, low to high depending on stocks and ‘headlines”. Nothing huge here as we see Austin mortgage rates remaining low well into the third quarter. Continue reading
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