ARCHIVED BLOG POSTS
2016
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Tonight is the night for all the ghoulies and ghosties and goblins to walk the streets and ring doorbells terrifying neighborhood dogs. Be sure to drive slowly and carefully as little monsters walk in large groups with little regard for oncoming cars. I wonder how many Donalds and Hillarys ther...
10/31/2016
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.97 finding themselves now just 9 basis points above the 200 day moving average. MBS bonds traded as high as up 9 basis points during the day. The 30 year remained at 3.625% as a result. Whether in New England, the Mid Atla...
10/31/2016
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Standard & Poor's futures show little movement this morning as the recent hike in the yield of European sovereign bonds began to settle. Although the third quarter GDP came in above the expected 2.5% at 2.9%, equity traders took little notice. Consumer sentiment fell from September levels and ...
10/28/2016
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Mortgage backed securities (MBS) closed flat today at 102.94 finding themselves just 6 basis points above the 200 day moving average. Today once again equaled the lowest close since June 13th. MBS bonds were never in positive territory during the day. The 30 year remained at 3.625% as a result...
10/28/2016
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European Sovereign debt, which is the debt of the individual countries, has been selling off for the last two days causing the yields to rise. The direct effect has been the selling we have seen in our mortgage backed securities and U.S. Treasury markets. If this trend continues, interest rates...
10/27/2016
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Mortgage backed securities (MBS) closed down 22 basis points today at 102.94 having fallen through support offered by the 200 day moving average prior to closing 7 basis points above. Today was the lowest close since June 13th. MBS bonds were never in positive territory during the day. The 30 y...
10/27/2016
The day began on a negative note with Apple reporting disappointing earnings partially as the result of slowing watch sales. Further cause for uncertainty was sovereign debt in some Eurozone countries which sold off creating higher yields at the same time as we were auctioning off $34 billion 5...
10/26/2016
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Mortgage backed securities (MBS) closed down 12 basis points today at 103.16 having fallen to 36 points below resistance offered by the 100 day moving average. MBS bonds were never in positive territory during the day. The 30 year remained at 3.50% during today's trading. Whether in New England...
10/26/2016
Fed speakers continue to roil markets with widely varying yet provocative comments. Fed President Evans said today that there may be as many as three rate hikes between now and the end of next year. At the same he said that in order to meet the Fed's 2% inflation target, we may have to keep rat...
10/25/2016
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Mortgage backed securities (MBS) closed flat today at 103.28 having remained 23 points below resistance offered by the 100 day moving average. MBS bonds had been up as much as 6 basis points during the day. The 30 year remained at 3.50% during today's trading. Whether in New England, the Mid At...
10/25/2016
