Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2011 

Stocks opened lower as additional reports of a slowing economy drifted in about China.  It seems FED chairman Bernanke was correct is stating that inflation was abating.  The PCE came in at a tame .1% versus the .2% expected.  Some good news came in about the Chicago purchasing manager report.  T...
09/30/2011
Mortgtage backed securities (MBS) closed up 41 basis points today at 102.78 having closed exactly where it opened.  This trading pattern forms what is called in Japanese candlestick parlance, a doji candle.  This is,  in fact the fourth consecutive day that a doji candle has appeared.  This is a ...
09/30/2011
Today stocks whirled around like West Texas cyclone.  During the session they lurched upward, plummeted deep into the red and shot up mercurially at the close.  Initial jobless claims came in under the psychological 400,000 level for the first time in months.  Add that to Germany passing an addit...
09/29/2011
Mortgage backed securities (MBS) closed up 9 basis points today at 102.38 having drifted higher in the space between support and resistance overhead.  MBS bonds did trade down to test support as stocks made their early run.  A third consecutive solid Treasury auction, this time for $29 billion 7 ...
09/29/2011
Stocks began the day on a positive note still riding on the coattails of the special bonds that Europe is hoping will allow them to purchase some of the distressed Greek paper.  The news grew a little long in the tooth as no positive news embellishing on the details ensued.  The result was that s...
09/28/2011
Mortgage backed securities closed up 3 basis points today at 102.22 after having been down just about half the day.  MBS bonds broke downward and fell through the support level on a 44 point dive before reversing directions.  The $35 billion Treausry auction of 5 year notes received an A rating m...
09/28/2011
Stocks advanced for third consecutive day today, this time moving higher during the day than the previous two sessions.  Continued talk of the new special type of Euro bonds which would help the European Invstment Bank acquire some of the suspecft Greek bonds pushed the Dow over 300 points deep i...
09/27/2011
Mortgage backed securities (MBS) closed down 44 basis points clsoing at 102.19 having once again remained above the support level at 102.00.  Despite earning an A at the 2 year Treasury Note auction, MBS bonds could not build any headway today.  In what has been a rare dynamic of late, for the se...
09/27/2011
Stocks reacted only slightly to news that new home sales were flat versus expectations, down 2% from last month and up 6.1% over a year ago.  In fact it was not until late in the trading day that news came in from Europe and set the marketing charging ahead.  The European Investment Bank will iss...
09/26/2011
Mortgage backed securities (MBS) closed down 22 basis points today at 102.56 having remained in the vast 150 point nomansland between resistance the next level of support 56 basis points below.  The huge surge after the Fed meeting last week has largely dissapated.  The benefit to borrows has bee...
09/26/2011
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