ARCHIVED BLOG POSTS
2015
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It was a strange day in markets. MBS sold off while stocks moved slowly forward and U.S. Treasuries were being hammered. The 10 year note sold off so badly today that the yield which was down to 2.13 Friday surged all the way to 2.23. The Dow which had been up as much as 50 points during the ...
05/18/2015
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Mortgage backed securities (MBS) closed down 41 basis points at 100.75 having started of flat and subsequently been battered throughout the day. Not coincidentally, MBS bonds came to rest exactly on the 200 day moving average. Interest rates can still see some improvements if the 3.0 coupon bon...
05/18/2015
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While bonds across the globe were experiencing a wonderful day, equities here found it difficult just to pass the starting line. The May Empire State manufacturing number wasjust two thirds of what was expected. At the same time the yield on the 10 year Treasury fell from 2.19 to 2.13 during th...
05/15/2015
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Mortgage backed securities (MBS) closed up a whopping 47 basis points today having opened a gap above the 200 day moving average and continued to put it their rear-view mirror throughout the day. Mario Draghi of the European Central Bank said today that he would continue to purchase Euro assets ...
05/15/2015
Spiking bond yields both in Germany and the U.S. this morning caused stocks to sell off again today. In addition concerns about the perilous Greek debt debacle reared their ugly heads once again. the yield on the benchmark 10 year Treasury was all the way up to 2.34% today. The Dow which open...
05/12/2015
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Mortgage backed securities (MBS) closed up 19 basis points today at 100.53 having fallen through support offered at the 100.47 prior to bouncing back above it. Early in the session MBS bonds made a run at the 200 day moving average at the 100.71 level prior to falling away from it after the auct...
05/12/2015
Prior to the open this morning stock futures were still reeling from Fed Chairperson Janet Yellen's comments yesterday about "high stock valuations. Initial jobless claims were 15,000 less than the 280,00 forecast. Stocks opened slightly lower only to be even at about 10:30. the Dow which at o...
05/07/2015
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Mortgage backed securities (MBS) closed up a whopping 44 basis points today at 101.12 today having reacted positively to bouncing off support offered by the 200 moving average as suggested in yesterday's blog. MBS bonds rarely have much movement on the day before the release of a massive economi...
05/07/2015
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S & P 500 futures started bravely in the plus area early today as the news from around the globe was swirling in all directed. The ADP jobs report came out shortly thereafter reflecting a number 20,000 lower than even the low estimates. In addition, they adjust the two previous months downward....
05/06/2015
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Mortgage backed securities (MBS) closed down 22 basis points today at 100.69 having fallen through virulent support offered at the 200 day moving average prior to bouncing back to close just 3 basis points above it. Staying above this solid support level is important if mortgage rates are to rem...
05/06/2015
