ARCHIVED BLOG POSTS
2015
0
Comments
Mortgage backed securities (MBS) closed up 35 basis points today at 102.66 having come within 12 basis points of the 25 day moving average at the 102.81 level during the session. If MBS bonds can break through the 25 day average an move closer to the 50 day, we might see some rate improvement on...
07/14/2015
1
Comments
The Greek Prime Minister certainly has an odd form of gamesmanship. First the Euro-zone offers him a deal with short term offer. Then he orders a referendum vote for last Sunday. When the plebiscite turned out to be a rejection of the offer, given a couple days to respond, he today made an off...
07/10/2015
0
Comments
Mortgage backed securities (MBN) closed down 31 basis points at 102.69 having fallen through support offered by the 25 day moving average and closing 17 points below. Sadly for interest rates, the brief improvement we saw earlier this week disintegrated in the last two session. Conforming 30 ye...
07/10/2015
Pundits were betting today that the likelihood of Greece leaving the Euro which has now been dubbed with the moniker "Grexit" is not that great. The Greek government has proposed a plan which will be reviewed by Eurozone leaders over the coming days. Meanwhile, after significant losses in recen...
07/09/2015
0
Comments
Mortgage backed securities (MBS) closed down a whopping 62 basis points today at 103.00 having fallen through short-lived support which had been offered by the 50 day moving average for only one day. Chinese regulators made some moves today to ease the sliding of their stocks. At the same time ...
07/09/2015
0
Comments
After yesterday's midday turn around stocks fell precipitously today. The yield on the Greek 10 year offering is up from 10,67% on June 26th to 18.87% today. At the same, the Chinese Shanghai Composite was down 6% today. This is weighing heavily on global markets. Crude oil is down $10 per ba...
07/08/2015
0
Comments
Mortgage backed securities (MBS) closed up 41 basis points today at 103.59 having broken through and closed above resistance offered by the 50 day moving average at 103.54. Continued fear about what will happen with the Greek debt and whether they will be able to remain using the Euro created a ...
07/08/2015
0
Comments
Mortgage backed securities (MBS) closed up a mere three basis points today at 103.19 having risen all the way up to touch the 50 day moving average offered at 103.59 prior to falling off steeply around midday. The sting of the Greek referendum continued to weigh on stocks this morning propellin...
07/07/2015
4
Comments
We are all fortunate that our forefathers had the resolve and the courage to rebel against the oppressive taxes and tariffs imposed upon them by the British. With our government by the people, of the people and for the people, we have been able to not only keep our land free but also to spread d...
07/03/2015
0
Comments
All U.S. markets are closed today in early observation of the 4th of July. Here in the northeast corrider Thursday was the major travel day for those heading out of town for the long weekend. We had our town fireworks on Wednesday night. The titanic booms coming from Long Island Sound caused m...
07/03/2015
