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 the day on the down side in reaction to inflation talk in Asia featuring a rate hike by the South Koreans in an effort keep inflation down.  Fears of inflation in Europe prompted the Central bank to assert their willingness to fight it off with rate hikes if necessary.  Moody's warn...
01/13/2011
Mortgage backed securities (MBS) closed up 44 basis points today at 99.56 having remained above support offered by the 25 day moving average and once again closing just below resistance at the low of December 7th.  Another round of QE2 Treasury purchases (known as POMO short for Permanent Open Ma...
01/13/2011
The morning began with good news about Portugal's ability to conduct a successful auction of its own bonds, which for the moment, relieved the pressure on their sovereign debt.  The Fed's Beige book came out today and portrayed a picture of solid improvement in our economy.  Stocks moved ahead qu...
01/12/2011
Mortgage backed securities (MBS) closed even today at 99.09 factoring in yesterday's monthly coupon rollover of 25 basis points.  In the absence of any economic reports today, MBS traders took a look at the news on the horizon, saw stock futures soaring and opened with a sour note.  There were no...
01/12/2011
Stocks enjoyed a solid move forward today as  Portugal stated it would not need a bailout from the European Central Bank.  Japan and China are the two countries in the world with the greatest foreign exchange reserves.  This means that they have the most money in other countries currencies.  The ...
01/11/2011
Mortgage backed securities (MBS) closed down 50 basis points today having fallen through support offered by the low of December 7th once again.  MBS bonds seem stuck in a trading range that on 1/11/11 seems more like the movie "Ground Hog Day".  Good news on wholesale inventories and November ret...
01/11/2011
Stocks, which have been on a marathon six week march forward, took tiime out for proift taking today.  Nearing an overbought level the Dow Jones Industrials closed down 37 points in reaction to continued unrest in Euorpean financial markets.  Down almost 75 points during the day, stocks recouped ...
01/10/2011
Mortgage backed securities (MBS) closed up 28 basis points today at 99.84 having climbed just above resistance offered by the low of December 7th.  With no economic reports out today, bonds reacted predictably today by making a moderate advance in the face of a falling stock market.  Bonds which ...
01/10/2011
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Once again ADPs report on job creation turned out to be far from the truth as I suggested in Wednesday's blog.  Instead of the 297,000 jobs ADP estimated only 103,000 new jobs were created last month.  On the positive side, the Labor Department revised the two previous month's reports up an addit...
01/07/2011
Mortgage backed securities (MBS) closed up 59 basis points today at 99.56 having nearly kissed resistance offered by the low of December 7th before bouncing back down.  Predictably the news of a poorer than expected jobs report in concert with more concern about shaky European finances propelled ...
01/07/2011
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