ARCHIVED BLOG POSTS
2017
2
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S & P 500 futures slumped this morning as MBS bonds began the day with some moderate gains. With no economic reports today, talk of a most unusual Super Bowl carried the day. The New York Giants remain the only team to have ever beaten the Patriots and they did it twice. Gold continued creepin...
02/06/2017
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Mortgage backed securities (MBS) closed up 25 basis points today at 102.41. having closed above the 25 day moving average which has now become a level of support. The 100 day moving average now provides the next level of resistance at 103.52. The 30 year rate was at 4.25% today. If you have ...
02/06/2017
The government jobs report was released this morning and revealed that 227,000 non farm jobs had been created in January. This was not quite as good as the ADP report but was still enough to widely surpass the original expectation. MBS bonds had a mercurial day rallying nicely this morning prio...
02/03/2017
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Mortgage backed securities (MBS) closed up 13 basis points today at 102.12 having closed 6 basis points above the 10 day moving average which has now become a level of support. MBS bonds had broken above the 25 day moving average during the session but fell back below it. The 30 year rate was ...
02/03/2017
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We have survived the first Fed Open Market Committee of the year without any major damage. Tomorrow we will see if thegovernment jobs report for January paints as rosy a picture as the ADP report did yestereday. Keep in mind that historically the ADP numbers can vary greatly from the federal re...
02/02/2017
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Mortgage backed securities (MBS) closed up 16 basis points today at 102.12 having closed 9 basis points above the 10 day moving average which has now become a level of support. The 30 year rate was at 4.375% today. If you have a rate of 5% or more it is still not too late to refinance; especia...
02/02/2017
Early positive reports from tech manufacturer Apple buoyed stock futures this morning in advance of the Fed's decision on interest rates. ADP reported 246,000 new non-government jobs were created last month versus the 165,000 expected. We will see how that compares to Friday's government jobs ...
02/01/2017
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.00 having closed right at resistance offered by the 10 day moving average for the second consecutive day. The Bond had been up as many as 9 basis points during the session prior to falling at the close. The 30 year rate wa...
02/01/2017
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It is hard to believe that the month of January is coming to an end. What a month it has been with all the chatter prior to the Trump inauguration and the subsequent tumult that followed in its wake. President Trump is in a frenzy following through with many of the campaign promises that won th...
01/31/2017
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.03 having closed just right at resistance offered by the 10 day moving average. The Bond had been up as many as 25 basis points during the session prior to falling at the close. The 30 year rate was at 4.375% today. If you ...
01/31/2017
