The day began like many others over the past several weeks. Bonds hadn’t moved much overnight, but were paying some attention to slightly higher oil prices. 10yr Treasury yields were still in the familiar September range between 4.93% and 5.01%, and there was limited economic data on tap that threatened to upset the apple cart. […]
Mortgage Rates Match Highest Level Since May 2024 Read More »
The losses in the US Treasuries market intensified on Wednesday as robust economic data and a weak auction drove yields across most maturities to the highest levels in almost two decades. Processing Content Higher oil prices sparked the declines earlier in the session, fanning worries around elevated inflation and punishing European government debt as well.
Bond-market slide deepens, pushing yields to two-decade highs Read More »
A pool of 2,085 first-lien home loans will back about $1.5 billion in mortgage-backed notes from sponsor VMC Asset Pooler, to be issued to investors through the issuer Verus Securitization Trust, series 2026-7. Processing Content Fixed-and adjustable-rate mortgages, which ranged in quality from expanded prime to non-prime, are in the collateral pool, according to Morningstar
Mortgages to well-heeled self-employed back $15 billion in RMBS from Verus Read More »