MBS Day Ahead: Glimmer of Bond Market Hope Ahead of The Inevitable

Posted To: MBS Commentary

The extent to which the tax bill is "inevitable" remains to be seen, but at the moment, financial markets are still treating it as "highly likely"--just not as inevitable as yesterday around noon Eastern. Since then, we've learned that the growth "triggers" (discussed as a way to gain the votes of GOP deficit hawks) will not work under the current rules of the Senate. As such, we're basically waiting to see what their workaround will be. Overnight treading reflected the pause in tax bill bullishness and leaves bonds on the upper edge of their recent range (in terms of yield). That's BETTER than yesterday , considering we'd broken above that upper edge. Let's call it 2.4-2.42--a narrow band of yields that I've been referring to as the "danger...(read more)

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MBS Day Ahead: Glimmer of Bond Market Hope Ahead of The Inevitable

Posted To: MBS Commentary

The extent to which the tax bill is "inevitable" remains to be seen, but at the moment, financial markets are still treating it as "highly likely"--just not as inevitable as yesterday around noon Eastern. Since then, we've learned that the growth "triggers" (discussed as a way to gain the votes of GOP deficit hawks) will not work under the current rules of the Senate. As such, we're basically waiting to see what their workaround will be. Overnight treading reflected the pause in tax bill bullishness and leaves bonds on the upper edge of their recent range (in terms of yield). That's BETTER than yesterday , considering we'd broken above that upper edge. Let's call it 2.4-2.42--a narrow band of yields that I've been referring to as the "danger...(read more)

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from Mortgage News Daily http://ift.tt/2BBIL00

You Could Buy All of the 12 Days of Christmas Gifts, or Pay for One Year of College

Every year PNC likes to inject a cold, harsh dose of reality into the holiday season with their Christmas Price Index. What is the CPI? It's the real-life cost of all of the gifts in the classic 12 Days of Christmas carol. Not only is it somewhat ridiculous holiday-themed fun, it is also an interesting reflection of the current economy.

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Servicing Deals; Yield Curve and LIBOR News; Chinese and US Securities

Posted To: Pipeline Press

December already? There are all kinds of scurrilous M&A rumors out there, or of rumors about companies going belly up, and will continue to be. And have you noticed that, officially, every company think it's "the greatest thing since sliced bread" when it is purchased? Bread…the total amount of cropland on Earth amounts to 4.62 billion acres, according to a new report from the U.S. Geological Survey. Interestingly, that's about 15 to 20 percent more than earlier estimates, as some areas were previously mapped inaccurately or unmapped altogether. There are 7.6 billion people on the earth. And there are roughly 15.8 billion acres of habitable land. Trivia for Happy Hour! Servicing Deals What's happening in the market? Yesterday I discussed how servicing values move...(read more)

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from Mortgage News Daily http://ift.tt/2Bpqv9m

Servicing Deals; Yield Curve and LIBOR News; Chinese and US Securities

Posted To: Pipeline Press

December already? There are all kinds of scurrilous M&A rumors out there, or of rumors about companies going belly up, and will continue to be. And have you noticed that, officially, every company think it’s “the greatest thing since sliced bread” when it is purchased? Bread…the total amount of cropland on Earth amounts to 4.62 billion acres, according to a new report from the U.S. Geological Survey. Interestingly, that's about 15 to 20 percent more than earlier estimates, as some areas were previously mapped inaccurately or unmapped altogether. There are 7.6 billion people on the earth. And there are roughly 15.8 billion acres of habitable land. Trivia for Happy Hour! Servicing Deals What's happening in the market? Yesterday I discussed how servicing values move...(read more)

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from Mortgage News Daily http://ift.tt/2Bpqv9m

The Hardware Store Houseplant That Makes a Perfect Small Space Christmas Tree

I'm both unwilling to store artificial christmas tree supplies, as well as insecure about going out to buy a live tree. Past years, I've either foregone holiday decorating, or DIYed some sort of makeshift faux tree. While those choices may work for some folks, it's always left me wanting. That's why when I came across this houseplant at the hardware store a couple of years ago, I knew it would be the perfect "Christmas tree" for me and my small space.

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from Apartment Therapy | Saving the world, one room at a time http://ift.tt/2ixXXq6

These Are the Cult Favorite Brands that Offer Lifetime Warranties on Everything

If you, like me, feel serious shopping stress whenever you need to make a purchase, you probably make it a point to shop at stores that have easy or extended return policies. But some brands go above and beyond making returns a more simple, happier process—they back their products for life. As in, if you buy something from them, you never have to worry about shopping for that item ever again, because they'll repair or replace it forever.

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