Jeff Jensen's Blog

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



Mortgage backed securities (MBS) closed up 12 basis points today at 103.62 having successfullly broken through resistance offered by the 25 day moving average and managed to close just above it.  MBS bonds traded in a very tight range today and managed the meager gains even though stocks had mode...
Stocks rallied not only on the strength of a better than expected number of new jobs having been created, but also because the unemployment rate went up.  That is odd you might say.  How can that be.  Stocks like good news not bad news.  Sometimes it is not the headline that gets the reaction but...
Mortgage backed securities (MBS) closed down 44 basis points today at 103.50 having fallen through and closed below support offered by the 25 day moving average for the first time in months.  The "safe haven" trade was nowhere to be seen today as a better thatn expected number of jobs were create...
Great expectations were in the air this morning as markets awaited word from the European Central Bank and the Bank of England (otherwise known as the "Old Lady of Threadneedle Street") to what their policy meetings would yield.  As it turns out Great Expectations turned out to be just a Dickens ...
Mortgage backed securities (MBS) closed up 16 basis points today at 103.94 having reached up within two basis points of resistance above prior to closing some 40 basis points above support offered by the 25 day moving average.  After Mario Draghi's powerful and dynamic assertions in recent days, ...
Stocks were up this morning in anticipation of the Fed's announcement this afternoon.  As we saw with QE1 and QE2, any kind of accommodative maneuver like QE3 would have a huge benefit to equity markets here.  At the same time traders were hoping that the European Central Bank would start buying ...
Mortgage backed securities (MBS) closed down 31 basis points today at 103.78 having fallen to within 20 basis points of resistance offered by the 25 day moving average before bouncing up slightly before the close.  Most of the day, traders waited impatiently for 2:15 to come around so they could ...


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