ARCHIVED BLOG POSTS
2017
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Today is the 76th anniversary of the sudden ruthless attack by the Japanese at our Pacific naval headquarters at Pearl Harbor. As President Roosevelt put it, "a day that will live infamy....the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire...
12/07/2017
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.84 having remained above support offered by the 50 and 200 day moving averages and closed 19 basis point below resistance offered by the100 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was...
12/07/2017
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After yesterday's sell off in stocks, European and other foreign markets followed suit today. Stock futures here opened lower and a trend of moderates losses today coincided with some profit taking. Amazingly ADP reported 190,000 new non-farm job creations in November in exact alignment with ex...
12/06/2017
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Mortgage backed securities (MBS) closed up 9 basis points today at 102.88 having broken through resistance offered by the 50 and 200 day moving averages and closed just 12 basis point below resistance offered by the100 day moving average. The 30 year was available at 4.00% today. The 30 year jum...
12/06/2017
Today crude oil opened above $57 per barrel, the yield on the 10 Year Treasury note was 2.38% and stock futures were pointing upward. Market watchers expect that there will be 190,000 new non-farm jobs added when the government jobs report is released on Friday. Fed funds futures are down to a ...
12/05/2017
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Mortgage backed securities (MBS) closed up 9 basis points today at 102.78 having broken through resistance offered by the 10 and 25 day moving averages closed just 1 basis point below resistance offered by the 200 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo wa...
12/05/2017
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Today started off looking for blockbuster results as the Senate announced it had passed it version of the tax cut bill. A committee has been convened to patch together the Senate and House bills with one viable result. They are actually not too far apart. As the day went on there were all sort...
12/04/2017
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.69 having remained below all five moving averages and closed just 1 basis point below resistance offered by the 10 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Whether in New...
12/04/2017
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It is hard to believe that since the Presidential election in November that the Dow is up 32%, S&P +24%, NASDAQ +33%. All along it has been called the Trump rally and it has been truly monumental. Where it will end no one knows but it stumbled today in the wake of Michael Flynn's guilty plea re...
12/01/2017
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Mortgage backed securities (MBS) closed up 16 basis points today at 102.66 having remained below all five moving averages and closed just 4 basis points below resistance offered by the 10 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Whether in N...
12/01/2017