ARCHIVED BLOG POSTS
Mortgage backed securities (MBS) closed up 19 basis points today at 105.22 having crashed through resistance and the 105.16 and remained above the four moving averages. MBS bonds were helped today as stocks took a beating and money flowed in from the equity exchanges. Today;s Treasury auction e...
Despite Friday's strong jobs report, stocks remained in a murky quagmire most of the day as traders waded through scores of earnings report at various levels of progress. Fears over the skirmishing in Ukraine and additional setbacks in Chinese manufacturing held stocks back for the better part o...
Mortgage backed securities (MBS) closed down 3 basis points today at 105.03 having briefly passed through resistance offered by the 105.16 level prior to slipping down late in the session. The long red candlestick showed a surprising trading range for a Monday. Stocks which had been off most of...
Despite the nominal unemployment rate falling to6.3% the lowest level since 2008, stocks spent much of the day in negative territory. 288,000 jobs having been created was not enough to distract traders from the saber rattling and actual battling in Ukraine. the Labor Force Participation level f...
Mortgage backed securities (MBS) closed up 12 basis p;point today at 105.06 having plunged early on after the strong jobs report numbers were revealed. The bond fell down to just above support offered at 104.41 prior closing near its high of the day well above resistance at the 104.78 level. St...