Current Trend Direction: Sideways Risks favor: Carefully Floating Current Price of FNMA 4.5% Bond: $101.44, -38bp Surprise, surprise...volatility will once again be the key word on Wall Street today, as "quadruple witching" day occurs in the Stock markets. Quadruple witching, which happens
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12/19/2008
Current Trend Direction: Higher Risks favor: Floating Current Price of FNMA 5% Bond: $101.62, -3bp The Job Market continues to struggle. Initial Jobless Claims were reported at 554,000, near expectations, but still a bad number. The four-week average of Claims rose 2,750 to 543,750 - the hig
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12/18/2008
Wed, Dec 17 - 5:00 PM ET Market Wrap: Our benchmark FNMA 4.5% bond fell 28bp to close at $101.66 while trading within an expanded 137bp intra-day range. The bond showed early upward momentum following yesterday's huge rally but fell to profit taking later in the session as volatility picked up. M
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12/17/2008
Current Trend Direction: Sideways - Battling Resistance Risks favor: Floating Current Price of FNMA 5% Bond: $101.62, -3bp Bonds have already traded in a 62bp range within the first hour of trading. Uncertainty over the outcome of the US auto bailout as well as dismal Retail Sales and inflat
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12/12/2008
Current Trend Direction: Sideways - Battling Resistance Risks favor: Floating Current Price of FNMA 5% Bond: $101.62, -3bp Bonds have already traded in a 62bp range within the first hour of trading. Uncertainty over the outcome of the US auto bailout as well as dismal Retail Sales and inflat
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12/12/2008
Current Trend Direction: Sideways - Battling Resistance Risks favor: Floating Current Price of FNMA 5% Bond: $101.62, -3bp Bonds have already traded in a 62bp range within the first hour of trading. Uncertainty over the outcome of the US auto bailout as well as dismal Retail Sales and inflat
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12/12/2008
Wed, Dec 10 - 3:45 PM ET MBS stage a huge rally. Alert To Float. The 5% now near best levels in 3 years. 2:04 PM ET - US posts record November deficit of $164.4 billion. 2:00 PM ET - Conflicting news or uncertainty surrounding the auto bail out sends stock prices into the red. MBS near session hi
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12/10/2008
Current Trend Direction: Sideways Risks favor: Carefully Floating Current Price of FNMA 5.0% Bond: $100.81 -9bp In light of the recent price improvement in Mortgage Bonds, we have now switched our focus to the FNMA 30-year 5% Bond. This change is reflected on the Bond Page and text me
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12/10/2008
Current Trend Direction: Sideways Risks favor: Carefully Floating Current Price of FNMA 5.5% Bond: $101.59, +16bp Stocks are building on their recent gains on news that lawmakers on Capitol Hill have reportedly agreed on the outline of a deal to rescue the ailing auto industry. Also adding some
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12/08/2008
New worms target both MySpace and Facebook users Kaspersky Lab, a leading developer of secure content management systems, has detected two variants of a new worm, Net-Worm.Win32.Koobface.a. and Net-Worm.Win32.Koobface.b, which attack MySpace and Facebook respectively. As part of their malicious p
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12/05/2008
