ARCHIVED BLOG POSTS
2016
The Government jobs reports came in today and it was quite close to the ADP number. The September number came in at 156,000 new jobs versus the 171,000 expected. These numbers were far off those of the successful summer reports which averaged 232,000. Crude oil remained above $50 per barrel t...
10/07/2016
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Mortgage backed securities (MBS) closed up 6basis points today at 103.53 having remained below the 3 levels of resistance by the 10, 25 and 50 day moving averages. The 100 day moving average is still acting as support now only 11 basis points below. The 30 year remained at 3.50% during today's t...
10/07/2016
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Tomorrow is the government jobs report which tell us how many workers were added to non-farm payrolls in September. The expectation is that 176,000 new jobs were created. ADP pegged its number at 151,000. As usual for the day before its release, stocks and bonds do not show much change. MBS b...
10/06/2016
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Mortgage backed securities (MBS) closed down 12 basis points today at 103.47 having remained below the 3 levels of resistance by the 10, 25 and 50 day moving averages. The 100 day moving average is still acting as support now only 7 basis points below. The 30 year remained at 3.50% during today'...
10/06/2016
As promised ADP came out with its jobs report today showing the 154,000 new jobs were created versus the 171,000 that were expected. Now traders will have to wait two more days for the government version to seem if that looks any better. S & P 500 futures pointed upward this morning and stocks ...
10/05/2016
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Mortgage backed securities (MBS) closed even today at 103.59 having remained below the 3 levels of resistance by the 10, 25 and 50 day moving averages. The 100 day moving average is still acting as support some 20 basis points below. The 30 year remained at 3.50% during today's trading. Whether...
10/05/2016
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Most of those living on the East Coast are closely following the path of Hurricane Matthew. The major storm has been reeking havoc on Caribbean islands south of Florida. It is said to be the first major hurricane that will hit Florida in the last 10 years. I have plans to drive to the Maryland...
10/04/2016
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Mortgage backed securities (MBS) closed down 12 basis points today at 103.59 having crashed through three levels of support offered by the 10, 25 and 50 day moving averages. The 100 day moving average is now acting as support some 20 basis points below. The 30 year remained at 3.50% during today...
10/04/2016
This is jobs week with the frequently maligned ADP report being released on Wednesday and the government non farm payrolls report coming out on Friday. Typically both bonds and stock markets tend to grind to a halt in advance of the report as uncertainty creeps in and seizes the hands of traders...
10/03/2016
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Mortgage backed securities (MBS) closed down 9 basis points today at 103.88 having closed exactly on support offered by the 10 day moving average with the other 4 moving averages remaining as support below. The 30 year was at 3.50% during today's trading. Whether in New England, the Mid Atlanti...
10/03/2016
