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Treasury

Home > Posts > Tag: Treasury

With 15 minutes to go in cash Treasury/MBS trading, the market is going out on the lows (highest yields/worst mortgage pricing) of the day

With 15 minutes to go in cash Treasury/MBS trading, the market is going out on the lows (highest yields/worst mortgage pricing) of the day. Fed Governor Hoenig’s dissent looks to us like an interest rate protest or maybe it’s the first vote/trial balloon.

2010-01-27T16:09:42-06:00January 27, 2010|Austin Mortgage Market|

With stocks near unchanged and a basket of economic uncertainty, best to not throw caution to the wind

With stocks near unchanged and a basket of economic uncertainty, best to not throw caution to the wind. Bernanke's mandate for low interest rates well into the future, coupled with a staggering deficit, falling dollar, 3 trillion in health care costs on the docket, and taxes for both individuals and small business destine to rise in 2010 will create difficult challenges and unintended consequences. With the Fed policy a given, we expect to see a floor under the bond market, supporting both treasury and mortgage back security pricing. Buying sponsorship (upcoming auctions) and year end book closings will be the challenge (liquidity issues).

2009-11-17T13:37:24-06:00November 17, 2009|Austin Mortgage Market|

Today’s FOMC announcement is not expected to make changes but the words will be scrutinized for even small hints of policy changes

While our economy continues to struggle, job losses continue, and inflation remains a non-issue, there is a growing unease about the timing of future Fed actions and the market's ability to digest them. Today's FOMC announcement is not expected to make many, if any, changes versus September's announcement but the words will be scrutinized for even small hints of policy changes.

2009-11-04T14:10:33-06:00November 4, 2009|Austin Mortgage Market|