ARCHIVED BLOG POSTS
2017
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In the wake of the worst jobs report in years, stocks traders managed to put that in their rear-view mirrors as all three major indices here advanced and the Dow set yet another record. Amazingly all this was accomplished with no new economic reports to fret about tomorrow. Speculation about No...
10/10/2017
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Mortgage backed securities (MBS) were flat once again today at 102.94 having finished the day just 14 basis points below resistance offered by the 100 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.00%. Whether in New England, the Mid Atlantic or the Mi...
10/10/2017
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What a strange federal holiday Columbus Day turned out to be. The stock and bond markets were open, catholic schools were closed and public schools were open. Usually on federal holiday there is no trading or at a minimum the trading hours are shortened. At the same time as Columbus has been i...
10/09/2017
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Mortgage backed securities (MBS) were flat today at 102.91 having finished the day 20 basis points below resistance offered by the 100 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.00%. Whether in New England, the Mid Atlantic or the Midwest or anywher...
10/09/2017
Well the long awaited government jobs report was finally released this morning and it was a bust. Instead of gaining the anticipated 75,000 new jobs, the economy lost 33,000 creating a 108,000 negative swing. Despite that the unemployment rate dropped to 4.2% for the first time since February 2...
10/06/2017
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Mortgage backed securities (MBS) were down 6 basis points today at 102.16 having finished the day 20 basis points below resistance offered by the 100 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.00%. Whether in New England, the Mid Atlantic or the Mid...
10/06/2017
We have arrived at the threshold of the government jobs report. The report will be issued at 8:30 tomorrow morning and we will be able to see whether the ADP report was off the mark or whether fewer than expected jobs were created. The report can really move markets with stocks wanting a bigger...
10/05/2017
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Mortgage backed securities (MBS) were down 16 basis points today at 103.16 having come to fallen through support offered by the 100 day moving average. The 30 year conforming rose to 4.00% today. The 30 year jumbo was at 4.00%. Whether in New England, the Mid Atlantic or the Midwest or anywhere...
10/05/2017
With the government jobs report coming out this Friday, stock traders are pulling back on speculative positions and playing trades much tighter to the vest. Evidence of this was manifested world wide today. U.S. markets moved little today despite the ISM Service Index showing a nice bounce. Th...
10/04/2017
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Mortgage backed securities (MBS) were up 3 basis points today at 103.16 having come to rest 1 basis point below resistance offered by the 10 day moving average. The 30 year conforming was available at 3.875% today. The 30 year jumbo was at 4.00%. Whether in New England, the Mid Atlantic or the ...
10/04/2017
