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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2011 

Stocks had another bad day today as the dollar once again rallied and there was more talk of European debt problems.The day looked promising as good economic newss came in from both France and Gemany.  Core inflation was slightly higher than expected up .2% rather than .1% but countering that was...
05/13/2011
Mortgage backed securities (MBS) closed up 22 basis points today at 100.09 having marched right up to resistance at the 200 moving average before being repelled once again.  We are in the midst of a mercurial pattern with the dollar rising and falling and the safe haven trade opening and closing....
05/13/2011
Stocks were down almost 100 points early on news of continued strengthening of the dollar and a corresponding selloff in commodities.  A late morning surge in energy stocks in reaction to their excecutives questioning before congress brought the Dow back to even.  Weak Treasury auction results an...
05/12/2011
Mortgage backed securities (MBS) closed down 22 basis points today at 99.88 having fallen another step below resistance at the 200 day moving average above.  The day's trading turned sour just after 1 PM when the results of today's Treasury auction achieved just a "D" rating.  Adding insult to in...
05/12/2011
The dollar which began the day in the $72. range rose almost to $76. today.  This effect, as to be expected, caused a selloff in stocks and commodities.  Crude oil's selloff was exascerbated by a greater than expected oil supply and wound up closing down $5.67 at $98.21.  The Dow managed to climb...
05/11/2011
Mortgage backed securities (MBS) closed up 3 basis points today at 100.09 having fallen more than 60 basis points during the day before closing once again in striking range of the 200 day moving average.  The Euro suffered today as more talk about Greece's sovereign debt swirled through the marke...
05/11/2011
With no economic reports due out today, stocks began a slow rise on better news on Chinese trade.  Fed President Lacker warned of future inflation causing bonds to dip increasing the flow of money into stocks.  Commodities improved today which further boosted stocks.  Oil rose primarily on fears ...
05/10/2011
Mortgage backed securities closed down 38 basis points today at 100.06 having dropped 40 basis points below the though resistance offered by the 200 day moving average.  Today's loss ended a string of 16 consecutive improvements in MBS bonds.  As stocks improved throughout the day, traders began ...
05/10/2011
Mortgage backed securities (MBS) closed flat today at 100.38 after a mercurial ride that rose as high as 100.59 and fell as low as 99.93.  The good news from the jobs report should have caused a selloff in the grossly overbought bond market.  Instead MBS bonds spent part of the day above the 200 ...
05/06/2011
Stocks were down for a third consecutive day today as traders sold off in fear of a poor jobs report tomorrow.  Also as we have seen many times before, as the dollar rallies, commodities and stocks fall.  Oil sold off more than $9.00 today and closed below $100. per barrel for the first time in w...
05/05/2011
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Jeff Jensen

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