ARCHIVED BLOG POSTS
2016
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Are stock traders beginning to think that maybe the Brexit vote was not so bad anyhow? For a third straight day equity markets here scored major gains. Surprisingly MBS bonds, which normally trade in opposite directions, did well too pushing rates down as they rose. The push toward a lower int...
06/30/2016
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Mortgage backed securities (MBS) closed up 31 basis points today at 103.78 having risen up to 103.84 prior falling away slightly before the close.. Stock markets had another good day today and MBS bonds did well to achieve such a solid advance. We may have an opportnity for some great looking...
06/30/2016
After recovering yesterday from the brutal reaction to Brexit, stocks had another strong day today. With the 10 year German Bund with a yield at minus .11%, stock futures pushed strongly ahead this morning and stocks followed the charge with an advance of their own. Although there is still a go...
06/29/2016
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Mortgage backed securities (MBS) closed down 12 basis points today at 103.47 having risen up to 103.69 before falling all the way down to 103.41 prior to bouncing back a bit prior to the close.. Stock markets had another good day today and it seemed as MBS bonds would weather the storm, but alas...
06/29/2016
Stocks recovered somewhat today from the two days of gushing losses that followed Great Britain's little surprise. Bargain hunters were out in numbers today swooping up some deeply discounted stocks. The final revision for 2016's first quarter GDP showed a gain of 1.1% compared to the anticipat...
06/28/2016
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Mortgage backed securities (MBS) closed down 3 basis points today at 103.59 having risen up to 103.72 before falling away prior to the close. Stock markets recovered today from the initial shock of the Brexit vote. MBS bonds did well to hold almost all of their recent gains. The 30 year conformi...
06/28/2016
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Stocks here continued their negative reaction to Britain's great surprise and traders are unable to shake their aversion to uncertainty. I heard a disturbing radio report that millions of Brits were googling EU to find out what exactly it is that they voted against. The reaction of Scots to rec...
06/27/2016
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Mortgage backed securities (MBS) closed up a 38 more basis points today at 103.62 having closed just 7 basis points below their high of the day. The rush to safety trade was still in play today as stocks continued their post Brexit vote sell-off. The 30 year conforming fell to 3.50% today. I ...
06/27/2016
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After yesterdays handicapping portending an 80% chance of staying in the European Union, traders across the world collectively gasped this morning as they realized that British voters had proved the handicappers wrong, It was nearly Armageddon. Stocks the UK plummeted, but even worse, German an...
06/24/2016
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Mortgage backed securities (MBS) closed up a full 50 basis points today at 103.25 having fallen from their highs of the day. The predictable reaction to the major stock sell-off was a rush to safety. As we have come to know, U.S. Treasuries and MBS bonds are the traditional beneficiaries of th...
06/24/2016
