Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2012 

This morning there was hope in the air as stock futures opened higher after days of bad news and mounting losses.  Retail sales were slightly weaker that expected.  At the same time the Empire Sates Manufacturing Index came in at 17.1  or more than double the level expected.  The mixed news cause...
05/15/2012
Mortgage backed securities (MBS) closed even today at 104.28 having tied yesterday's all time high closing level.  With little news trickling in from Europe after yesterday's debacle, light trading resulted in an extremely tight trading range and thus no movement.  The bond did well to remain eve...
05/15/2012
Equity markets across the world roiled in disgust at the latest uncertainty and possilby anarchy the pervades the Greek political system today.  The "safe haven" trade was in full force today effectively wrenching money from equity investors and depositing it in the hands those holding U. S. fixe...
05/14/2012
Mortgage backed securities (MBS) closed up 25 basis points today at 104.28 having set yet another record for a close.  MBS bonds were beneficiaries of more chaos coming from the Aegean sector of Europe.  The recent elections there have left the Greek political system without the seeming ability t...
05/14/2012
After  six consecutive days of losses, stocks closed up today.  Although they closed at about 25% of their highs but a mark in the plus column was greeted with a sigh of relief.  Weekly jobless claims were 367,000 this week down from last week and under the important 375,000 level which indicates...
05/10/2012
Mortgage backed securities (MBS) closed unchanged today at 104.19 tying yesterday's record of the highest close of all time.  Today was the fourth consecutive day that MBS bonds traded in an extremely tight range.  The doji candlesticks indicate that the market is having trouble seeking its direc...
05/10/2012
Stocks fell for a sixth consecutive day today after a trading session filled with violent swings throughout the day.  Today's Treasury auction for 10 year notes was met with ambivalence.  During another day with no economic reporting, traders continued to dwell on the woes created by the European...
05/09/2012
Mortgage backed securities (MBS) closed up 6 basis points today at 104.19 having once again closed at a record high and set a new intraday high record.  The candlestick patterns for the last three days are doji candles.  This condition combined with the fact that we are at record levels could be ...
05/09/2012
Stocks reacted poorly today to reports that Greece's elections had created a disfunctional, scattered array of political parties in search of a government.  It sadly reads almost like a Pirandello play as befuddled party leaders stumble around seeking to avoid honoring the country's recent commit...
05/08/2012
Mortgage backed securities (MBS) closed up 3 basis points today at 104.12 having set a new record for the high close of all time and having set a new record for the highest intraday price of all time at 104.28.  MBS bonds, however, have still not made a convincing enough stand at these lofty leve...
05/08/2012
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