ARCHIVED BLOG POSTS
2016
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Despite good new from the European Union stating that they would keep their base income rate and stick with their program of quantitative easing, stocks cam out of the gate slowly this morning. Soon after, however, stocks, bonds and oil which usually trend in different directions were all doing ...
03/17/2016
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Mortgage backed securities (MBS) closed up 16 basis points today at 104.47 having broken through and closed above resistance offered by the 50 day moving average now support 8 points below. MBS bonds are now on a nice two day roll and we are looking for some improvement in pricing. The conformi...
03/17/2016
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Today was Open Market Committee day at the Fed. As always, an announcement is made right at 2 PM and is followed by a new conference. It is during the news conference that Fed watchers are sorting and parsing each of Janet Yellen's words to determine what will happen with interest rates. Today...
03/16/2016
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Mortgage backed securities (MBS) closed up 34 basis points today at 104.31 having broken through resistance offered by the 50 day moving average prior to closing just 5 basis points below it. MBS bonds were bolstered by the comments issue by Janet Yellen after this week's Fed Open Market Committ...
03/16/2016
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Despite the fact that crude oil features were down nearly another dollar this morning, Standard & Poors futures opened lower today. The producers' price index (PPI) was down .2% this while the core PPI was unchanged. Trading was light and close to the vest today as the equity traders, like the ...
03/15/2016
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Mortgage backed securities (MBS) closed down 9 basis points at 103.97 having fallen down further toward the support level of 103.91 offered by the 100 day moving average. MBS bonds, which closed just 3 basis points above their low of the day, are struggling right now. We are watching carefully ...
03/15/2016
After last week's dearth of economic reports, this week is jam packed. Not only is this Fed week with the Federal Reserve holding it Open Market Committee, but also retail sales, housing starts and building permits, the Consumer Price Index and the Producer Price Index will all be released today...
03/14/2016
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Mortgage backed securities (MBS) closed up 3 basis points today at 104.06 having remained in a no mans land below resistance offered by the 50 day moving average and above the 100 day moving average just 15 basis points below. The bond needs to remain above support in order to keep rates under 4...
03/14/2016
With no economic reports coming out today and west Texas crude remaining near 38 per barrel, Standard & Poor stock futures were pointing upward this morning. Then, pow!! Stocks opened up 155 points at the opening bell. Despite the big rally in stocks MBS bonds were able to remain fairly close ...
03/11/2016
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Mortgage backed securities (MBS) closed down 6 basis points today at 104.03 having fallen to close to support now offered by the 100 day moving average just twelve points below. Not so fast, you say. Yesterday the bond was above the 50day moving average, what happened? Over night we had the mo...
03/11/2016
