ARCHIVED BLOG POSTS
2016
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With devastating events occurring in France and a coup attempt in Turkey one would have thought that the rush to safety trade would have been invoked once again. As you know, however, markets are not always predictable. As a result, the U.S. Treasury yield was up, MBS bonds fell slightly and st...
07/15/2016
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Mortgage backed securities (MBS) closed down 6 asis points today at 103.56 having closed 25 basis points above the low of the day and remained below the 10 day moving average once again. The 30 year conforming remained at 3.50% today for the best applicants. The refinance opportunity is still ...
07/15/2016
Strong earnings from JP Morgan set the tone for the day and send other large bank stocks soaring. The Bank of England stated today that they would not cut rates this month. That sent Treasuries reeling and MBS bonds suffered as a result as well. They measured there words after that and suggest...
07/14/2016
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Mortgage backed securities (MBS) closed down 19 basis points today at 103.62 having lost exatly what they gained yesterday. As a result, MBS bonds found themselves just 23 basis points above support now offered by the 25 day moving average. The 30 year conforming remained at 3.50% today for the ...
07/14/2016
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The 10 year U.S. Treasury Note saw its yield fall back below 1.5 today 1.46 as Treasury markets and MBS bonds recovered somewhat after a few booming days in stocks. The Dow set a new record high today as the S & P 500 closed flat just about exactly on its record high from yesterday. todays' T...
07/13/2016
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Mortgage backed securities (MBS) closed up 19 basis points today at 103.81 which right where they closed yesterday. Last night's rollover brought the MBS down by 19 points so today's rise brought it right back to the same spot. Despite the gain, MBS bonds remained below the 10 day moving averag...
07/13/2016
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In the wake of yesterday's better than expected Alcoa's earnings release, stocks continued the upward march today. At the same time 10 Year Treasuries were being slammed with a "D: rated auction. The monthly rollover will take place this evening. Tomorrow the Treasury Department will auction $...
07/12/2016
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Mortgage backed securities (MBS) closed down 25 basis points today at 103.81 having opened down a gap at 103.97 prior to falling as low as 103.72. This the first day in a couple weeks that MBS bonds fell below the 10 day moving average. The 30 year conforming remained at 3.50% today for the bes...
07/12/2016
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Stocks continued their upward climb this morning. With no economic reports coming out today, stocks took their cue from earnings. Alcoa Aluminum is not only right at the beginning of the alphabet, it is also traditionally the first company to kick of the earnings session and it brought strong n...
07/11/2016
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Mortgage backed securities (MBS) closed down 9 basis points today at 104.19 having opened down a gap at 103.97 prior to making a small comeback. It is odd the way things work in market. Yesterday the opened closed its high and today it opened at its low. The 30 year conforming remained closed ...
07/11/2016
