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2010
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Stocks had a field day today and the Dow wound up gaining 225 point on the day. Shortly after the opening Chase issued comments which were bullish on British Pertoleum of all things. This caused a rally in oil stocks and thoroughout the day permeated the entire market. After yesterday's plumme...
06/02/2010
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Mortgage backed securities (MBS) closed down 6 basis points today at 102.09. Surprisingly, a flow of investors money came from U.S. Treasuries today into MBS bonds. The large sums that had gone into Treasuries as the Euro crisis raged on pushed the yield on the 10 year down to 3.30%. The lure ...
06/02/2010
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Mortgage backed securities (MBS) closed up 12 basis points today at 102.16 just 18 basis points below the resistance offered by the close of December 8th. There was some positive economic news today which brought stocks above their early lows and kept them in the positive nearly the entire tradi...
06/01/2010
