Jeff Jensen's Blog

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



Stocks sold off slightly today in advance of tomorrow government jobs report.  Traders had been reveling in recent Fed chatter until today.  Challenger, Gray and Christmas reported today that layoffs were down by 18% last month and by 30% for March year over year.  Last week initial jobless claim...
Mortgage backed securities (MBS) closed up 12 basis points today at 103.72 having broken through resistance offered by the 103.60 level and near its high of the day.  Technical factors should have little to do with tomorrow's trading, however, the governments' jobs report will take center stage. ...
Stocks had a third consecutive positive session in the wake of Janet Yellen most recent comments about the job market and economic stimulus.  Stock futures opened flat and then began creeping higher.  The ADP report missed by about 20,000 jobs for March but revised February's numbers up 39,000.  ...
Mortgage backed securities (MBS) closed down 28 basis points today at 103.59 having fallen through support offered at the 103.60 prior to coming within 1 basis point of it at the close.  Today's session saw traders selling long positions in preparation for Friday's jobs report.  The sometimes sus...
Stocks followed yesterday's session with another nice still riding high on Janet Yellen' dovish statement yesterday about jobs and tapering.  The Institute of Supply Management's March reading was higher than February's although slightly below expectations.  The S & P 500 actually set an intraday...
Mortgage backed securities (MBS) closed down 9 basis points today at 103.88 having closed just 8 basis points below the 200 day moving average.  So bonds now find themselves below the four levels of resistance offered by the four moving averages once again.  Traders were pretty conservative today...

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