ARCHIVED BLOG POSTS
2011
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Mortgage backed securities (MBS) closed down 26 basis points today at 101.81 having dropped to within just four basis points of support offered by the 50 day moving average before bouncing slightly above it. International matters sorted themselves out a little bit today with Italy's embattled Si...
11/08/2011
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Stocks opened the day slightly higher before succombing the increased uncertainty create by this weekend,s see saw reactions and machinations in Greece. Friday night's somewhat surprising vote of confidence was basically a last ditch effort to remain in the European Union and keep the bailout pr...
11/07/2011
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Mortrgage backed securities (MBS) closed down 16 basis points today at 101.97 having closed almost at the lowest level of the day. With no ecomonic reports due out today, bonds came out of the gate nearly flat. The weekend's activities in Europe created all sorts of speculation and uncertainty....
11/07/2011
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Who would ever think our friends and allies across the pond would fill us with such anxiety. Day after day and week after week our markets are wrenched with angst and uncertainty. Even with the referendum vote apparently off the table, we are forced to wait interminably for the results of the c...
11/04/2011
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Mortgage backed securities (MBS) closed up 38 basis points today at 102.16 having tested support at both the 25 and 50 day moving averages prior to bouncing back up an closing near its high. With the Jobs report behind us, this posistive closing should bode well for MBS bonds in the short term, ...
11/04/2011
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Mortgage backed securities (MBS) closed down 38 basis points today at 101.84 having remained in the area between support and resistance. It must be noted, however, that MBS bonds closed near their lows for the day. Normally that would bode poorly for coming sessions. With tomorrow's impending...
11/03/2011
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It seems that Greek politics are worse than ours when it comes to quarreling factions actually reaching an agreement. With various present and former Greek Prime and Finance ministers making assertions, the referendum regarding the bailout program was on and off again ad infinitum. The latest w...
11/03/2011
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Mortgage backed securities (MBS) closed flat today at 102.25 having shot up approachhing resistance at 102.47 and fallen down toward support at the 25 day moving average. All the anticipation for the day revolved arount the statement from the Fed after its two day meeting and the ensuing news co...
11/02/2011
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Stocks moved sharply higher out of the box this morning. After two days agonizing about the potential for a referendum about the Greek debt program, traders had some positive news to consider this morning. The ADP jobs report, which we know from experience is not always accurate, showed that 11...
11/02/2011
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Mortgage backed securities (MBS) closed up 56 basis points today at 102.38 having shot up to test resistance at 102.47 before falling below as the trading session came to a close. The bonds are positioned well as they remain above both the 25 and 50 day moving averages which provide a sold level...
11/01/2011
