ARCHIVED BLOG POSTS
2015
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Mortgage backed securities (MBS) closed down 25 basis points today at 101.19 having lost most of their gains from yesterday's session. It is important to note, however, that MBS bonds remained above the solid support level provided by the 100 day moving average. They were doing pretty well earl...
02/19/2015
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The Fed after its 2 day Open market Committee meeting announced today that with inflation shrinking and the economy still needing to advance, they will push off any decision to raise interest rates for some time. This was not surprise with Europe worrying about deflation and shrinking oil prices...
02/18/2015
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Mortgage backed securities (MBS) closed up 44 basis points today at 101.41 having bounced up to resistance offered by the high of 12/17/14 prior to being rebuffed and closing just below it. The FED's comments about keeping interest rate low seem to be buying us at least another couple quarters o...
02/18/2015
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Mortgage backed securities (MBS) closed down a whopping 59 basis points today at 100.97 having fallen down to the 100 day moving average at 100.91 prior to bouncing up slightly before the close. News that Greece had once again requested a 6 month extension on its debt package buoyed stocks. MBS...
02/17/2015
With U.S. markets closed today, we looked to the Euro Zone for any kind of action that might influence trading tomorrow. Continued concern over the new Greek government's reactions and interfacing with the previously imposed debt agreement will likely adversely affect equities tomorrow unless we...
02/16/2015
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Mortgage backed securities (MBS) did not trade today as markets were closed in observance of Presidents day. It turned out to be a pretty good day to take off from work and read by the fire. At my normal time to walk the dogs around 7 this morning the temperature was 2 below zero and a north wi...
02/16/2015
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A ceasefire was purported to have been negotiated today between Ukraine and rebels supported and armed by its former mother country Russia. The bad news is that because the cease fire is not to begin until Monday, Russian tanks were seen streaming into the beleaguered country as the Russian exac...
02/12/2015
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Mortgage backed securities (MBS) closed up31 basis points today at 101.88 having once again surpassed resistance offered by the 50 day moving average. With the 25 day moving average looming 69 basis points above, the bond still has some work to do to regain recent lofty levels. As the stochasti...
02/12/2015
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After yesterday's hiccup in negotiations over its debt, Greece seemed for amenable to compromise today and as a result, the European Central Bank granted them a six month extension. Equity markets here are quite concerned about the mountain of debt in Europe and found this to be a soothing stop-...
02/10/2015
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Mortgage backed securities (MBS) closed down 12 basis points today at 101.91 today having fallen right down to support offered at the 50 day moving average prior to bouncing to close above it. Negotiations between Greece and the European Union went well today causing stocks to advance and bonds ...
02/10/2015
