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2011
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Mortgage backed securities (MBS) closed up 47 basis points today at 100.38 having risen all the way up to resistance at the 200 day moving average before bouncing down to close just 10 basis points below it. There is a feeling on the street that tomorrows jobs report will not be a good one. If ...
05/05/2011
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The day started off poorly for stocks when ADP reported only 179,000 new jobs were generated in April. This was short of the 200,000 new jobs the street expected. Remember that historically ADP job reports have had a tendency to be well off the mark. After a slow start, stocks swooned when the...
05/04/2011
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Mortgage backed securities (MBS) closed up 16 basis points today at 99.91 having forced their way through resistance offered by the high of March 16th. Just when it looks as if there is no way for MBS bonds to continue advancing, they find a way. Could bonds be preparing an assualt on the 200 d...
05/04/2011