ARCHIVED BLOG POSTS
2014
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In a few with traders thinking about how they will be spending their long holiday weekend, trading was light and uninspired. Even the Fed tool off the week and there were not MBS or Treasury purchase. At least in the equity market there is still impetus to be alert as the June jobs report will ...
06/30/2014
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Mortgage backed securities (MBS) closed up 3 basis points at 102.78 having remained above support at the 102.53 level and below resistance offered at the 103.00 level. In this holiday shortened session the was extremely light volume and the 3.50% bond moved in a tight 15 basis point ranges. As ...
06/30/2014
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Stocks opened slightly higher this morning with little economic news to influence traders. Low volume created by the official first weekend of summer was created as early departures for coastal destinations began. A reading on consumer sentiment was slightly better than expected but that caused...
06/27/2014
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.75 having risen during the day to within three basis points of resistance offered at the 103. level prior to falling away at the close. The closing so far away from the high of the session and the high level bonds are at ma...
06/27/2014
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S & P futures opened the day with a slightly negative bias. May core Consumer Price Index edged up on .2% which was in keeping with FED tolerances. The May year over year inflation was 1.5% reflecting the largest margin in fifteen months. When FED President Bullard said that rate hikes may beg...
06/26/2014
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Mortgage backed securities (MBS) closed up 22 basis points today at 102.78 having smashed through resistance offer by the 102.53 level and headed toward the most recent high close achieve on May 28. MBS bonds benefited once again today from some poor economic news. They managed to advance despi...
06/26/2014
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After a couple dreary days stock managed to achieve some moderate gains in today's trading. That was a pretty amazing feat on a day when the first quarter GDP was revised from a 1% loss to a truly dreary 2.9% loss. Once again traders reacted positively to the bad news in hopes that the soft eco...
06/25/2014
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Mortgage backed securities (MBS) closed up 16 basis points today at 102.56 having broken through resistance at the 102.53 and risen all the way up to 102.75 prior to falling back to the close. MBS bonds once again find themselves near the top of the plateau heading toward the highs of late May. ...
06/25/2014
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Stocks began the day heading downward due the overwhelming successes the Sunni rebels have had against the self effacing Iraqi Army. A cumulative effect of Iraqi failures, the subsequent seizing of millions/billions of dollar of U.S. equipment and the newly acquired control of most of the border...
06/24/2014
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Mortgage backed securities (MBS) closed up 28 basis points today at 102.41 having passed through and closed above resistance offered by the 25 day moving average. Increasing success by the Iraqi Sunni rebels caused a more significant panic on Wall Street today and predictably forced money out of...
06/24/2014
