ARCHIVED BLOG POSTS
2012
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Mortgage backed securities (MBS) closed up 16 basis points today at 104.09 having remained in a neutral zone between resistance offered by the all time high closing above and support offered by the 50 and 25 day averages below. MBS bonds, which closed near their lows of the day, benefited from S...
09/18/2012
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Following yesterday's bold 200 plus point advance on yesterday's big news from the Fed, traders took time to look over the new program today and decided theyliked what they saw. What big Ben Bernanke announced yesterday was more than just QE3. It was more like QE3++. In addition to buying $40 ...
09/14/2012
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Mortgage backed securities (MBS) closed down 62 basis points today at 103.97 having remained in rairified air but not nearly at the lofty levels reached in response to the QE3 announcement yesterday. MBS bonds which hisortically rally on the announcement of quantitative easing and sell off on th...
09/14/2012
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Mortgage backed securities (MBS) closed up a whopping 134 basis points today at 104.59 having surpassed all levels of resistance and closed at the highest level ever for the 3.0% coupon bond. The Fed finally announced QE3 today and the news sent bonds, equities and commodities soaring. The doll...
09/13/2012
The bond market closed today with a dogi star pattern which indicates indecision in the market with equal trades being made by both bulls and bears. With no economic reporting today and heavy conecntration on the events that sourronded today's observfance of the 9/11 anniversary stocks moved hig...
09/11/2012
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Mortgage backed securities (MBS) closed down 16 basis points today at 103.59 having remained above the critical support levels offered by the 50 and 25 day moving averages. Traders are placing their positions carefully as we approach two critical events. On Thursday we will receive word from th...
09/11/2012
Stocks enjoyed one of their best days in years today as good news came in from several sectors. The EcB head, Mario Draghi, finally confirmed his plan to buy back bonds with no limit on the amount. At the same time new unemployment claims were down and ADP's sometimes suspect jobs figure was up...
09/06/2012
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Mortgage backed securities (MBS) closed down 47 basis points today at 103.22 having fallen through two levels of support prior to closing just above the 25 day moving average some 13 basis points below. Good news from Mario Draghi at the European Central Bank confirming the program of buying Spa...
09/06/2012
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Mortgage backed securities (MBS) closed even today at 103.72 after having pressed against resistance just 6 points above all day before succombing to it. Big news is expected tomorrow from the Eurozone as to whether they will initiate the program of buying Spanish and Italian bonds. ECB Mario D...
09/05/2012
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Home prices rose 3.8% over the past year according to Corelogic. This represents the largest year over year increase since 2006. This is an important moment as home values are currently at 2004 to 2005 levels. Stock futures opened flat today after the long holiday weekend as traders drifted ba...
09/04/2012
