Empirasign Statistics Cited By Bloomberg NewsDec. 12, 2010
Goldman Said to Win $6 Billion Mortgage-Bond Trade
Brokers last month conducted open auctions for almost $14 billion of home-loan bonds lacking guarantees from government- supported Fannie Mae and Freddie Mae or federal agency Ginnie Mae, according to Empirasign Strategies LLC. Since the start of July, the amount of securities offered through the process has totaled $75 billion, with at least $11.5 billion failing to be sold, according to the New York-based data provider.
Full article here.
November Bwic Activity & CommentaryDec. 2, 2010
CMBS and Non-Agency sectors saw significant gross volume drop offs in November vs October. Most other sectors were close to unchanged. A big exception was Autos, whose volumes quadrupled and DNT % actually decreased. We indexed 754 bid lists in November–about 10% more than the previous month. Liquidity seekers were better satisfied this month with DNT % generally decreasing. Liquidity in October was repeatedly strained by the large number of investors taking a few chips off the table; a phenomenon we did not observe this month. Charts are attached showing aggregate BWIC activity as well as sector break downs. Also, a new chart appears showing bid list activity by weekday and time of day. The weekday chart has few surprises with Friday being the lightest day. Wednesday is second lightest–perhaps there is some excess liquidity to be taken advantage of there. The heaviest flow day was Tuesday. With respect to BWIC time of day activity: Get to work by 10am, be back from lunch by 1pm, and leave for the day at 4pm. Old time banker’s hours still persist in some form.
1-Click Bloomberg Yield TablesNov. 26, 2010
The Actions area of the bid list view page and other similar pages has been revamped. New features include the ability to create a Bloomberg Yield Table with one-click. See image below for further details.
The Yield Table icon can also populate an entire BC35 screen for TBA Agency hybrids. Follow the link below for an example of this:
http://www.empirasign.com/bwic/101126A (subscription required)
Agency Arms Added To Most Actives PageNov. 17, 2010
Most trading in the Agency ARM space takes place before a pool has been finalized and a cusip has been assigned. Thus, defining uniqueness in this sector is a bit of a challenge. We chose to combine ticker, coupon and mtr to create a unique identifier for a hybrid arm. Check out the page to see where the lion’s share of trading is taking place in Agency ARMs.
To see what securities are most active across all sectors, go to:
New Feature Update (Time Stamps And Rate View)Nov. 8, 2010
Arrow A: Bid List time stamp is now hyperlinked. Click on it and you will see all bid lists occurring at the same time.
Arrow B: Rate Snapshot. Quick look at where rates were on trade date. Available on lists that are not the current trade date.
Link for list in screenshot: http://www.empirasign.com/bwic/101101P