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MBS RECAP: Lowest Yields of The Month

Posted To: MBS Commentary June began with yields plateauing after rising from the Italy-inspired lows of late May. 10yr yields managed to avoid breaking above 3% until last week’s much-anticipated Fed Day. Even then, the Fed and the ECB ultimately…

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A New CFPB Director? Perhaps That's Not the Intention

Posted To: MND NewsWire The White House announced on Monday the nomination of Kathy Kraninger as head of the Consumer Financial Protection Bureau (CFPB) to replace acting director Mick Mulvaney. The appointment caught many in Washington by surprise as Kraninger…

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Housing Starts Rebounded in May, Permits Still Lag

Posted To: MND NewsWire Residential construction data was mixed for May as reported on Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Housing starts recovered strongly from their April loss while permits continued lower.…

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MBS Day Ahead: Bonds Begin With a Bang

Posted To: MBS Commentary You’re welcome! I knew if I lamented the slow and boring nature of the week ahead yesterday that I could trick the bond market into doing something exciting. Sure, it was a 50/50 chance that my…

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Fannie Mae June Outlook Turns a Little Cautious

Posted To: MND NewsWire Despite a slowing rate of economic growth in the second estimate for the first quarter, Fannie Mae’s economists are holding firm in their forecast for the remainder of the year. The second preliminary estimate for the…

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MBS RECAP: Trade Fears Help Bond Rally Extend

Posted To: MBS Commentary Fresh fears of trade wars pushed stocks and bond yields lower in the overnight session as the White House promised another wave of tariff announcements in the morning. China retaliated by promising its own tariffs and…

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