ARCHIVED BLOG POSTS
2018
With no economic reporting today the big board was weighed down by giant industrialists Boeing and Caterpillar. MBS bonds and Treasuries each has slight gains and oil floated right around the $61 dollar mark for each barrel of West Texas crude. Tomorrow's big news event will be the Consumer Pri...
03/12/2018
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Mortgage backed securities (MBS) closed up 9basis today at 102.28 having come to rest 5 points below the 10 day moving average. The 30 year was available at 4.375% today. The 30 year jumbo was also at 4.375%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S. ...
03/12/2018
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The government jobs report came out today and showed an increase of 313,000 non-farm jobs added to America's payroll. That is over 100,000 more than expected and it sent stocks soaring. MBS bonds did well to sustain just moderate losses in the face of the equity rally. According to statistics ...
03/09/2018
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Mortgage backed securities (MBS) closed down 6 basis today at 102.38 having come to rest 2 points above the 10 day moving average and just 8 basis point below the 25 day.. The 30 year was available at 4.375% today. The 30 year jumbo was also at 4.375%. Whether in New England, the Mid Atlantic ...
03/09/2018
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It seems none of the pushers, prodders and pundits who attempted to dissuade President Trump from imposing his tariff on steel and aluminum had any success. By exempting Canada and Mexico he has, however, created some wiggle room with countries that might be able to negotiate new customized tr...
03/08/2018
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Mortgage backed securities (MBS) closed up 19 basis today at 102.44 having come to rest 8points above the 10 day moving average and just 4 basis point below the 25 day.. The 30 year was available at 4.375% today. The 30 year jumbo was also at 4.375%. Whether in New England, the Mid Atlantic or...
03/08/2018
I am not sure if the President's economic adviser Gary Cohn gave President Trump some advice prior to his departure. There was, however, a softening of the no exceptions rule today regarding the metal tariffs. Trump announced today that Canada and Mexico may get exemptions along with some other...
03/07/2018
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Mortgage backed securities (MBS) closed even today at 102.22 having come to rest 14 points below the 10 day moving average. The 30 year was available at 4.375% today. The 30 year jumbo was also at 4.375%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S. hist...
03/07/2018
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Tariff talk was still at the forefront this morning with more and more Republicans speaking out against them. Meanwhile oil inched up to $62 per barrel and the yield on the 10 year Treasury note rose to2.88. Tomorrow we will see ADP's frequently maligned jobs report, data on productivity and t...
03/06/2018
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.22 having come to rest 11 points below the 10 day moving average. The 30 year was available at 4.375% today. The 30 year jumbo was also at 4.375%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else i...
03/06/2018
