Equity Tapping, Non-QM Hedging, AI Processing, Subservicing Tools; MBA Hallway Talk

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Early Gains And Losses on Conflicting War Headlines

Bonds began the overnight session by drifting somewhat higher in yield. The 10yr hit 4.63 before recovering modestly just before domestic trading began. Yields were still slightly higher at 7:30am but moved lower after headlines cited rumors that the U.S. agreed to lift Iran's oil sanctions. Subsequ

Bonds Continued Drifting Weaker Throughout The Day (10yr Hit 4.6%)

Bonds Continued Drifting Weaker Throughout The Day Nothing new or interesting happened during the course of the trading day. The key market movers were in place at the start of domestic trading. From an analytical standpoint, the morning commentary adequately recaps the day's bond market motivations

April Housing Inflation Data Fills in The Dots That Went Missing During The Government Shutdown

The Bureau of Labor Statistics released a highly technical research paper this week examining how the agency handled missing shelter inflation data during the October 2025 government funding lapse. The issue stemmed from the CPI’s housing survey, which was unable to collect rent data during the shut