Roughly Unchanged After Gradual Weakness Bonds ended the day roughly unchanged despite this morning's stronger start. With ...

The good news is that mortgage rates ended the day at their lowest levels of the week. That's welcome news after Tuesday's ...

Residential construction rebounded in June as housing starts and completions recovered from May's unusually weak levels, ...

Pending home sales declined in June as elevated mortgage rates and record-high home prices continued to weigh on buyer demand ...

Builder sentiment weakened further in July as affordability challenges and ongoing economic uncertainty continued to weigh on ...

Mortgage application volume declined again last week as higher borrowing costs weighed on home purchase demand. The Mortgage ...

In a month where bonds have made a visible reconnection with fuel prices thanks to the Iran war resurgence, there have been several notable departures in the correlation. Today is the latest example.

Bonds lost ground modestly today with the ultimate damage being roughly an eighth of a point for MBS and less than a bp for 10yr yields. The selling was led by the short end of the curve (i.e. 2yr ...