ARCHIVED BLOG POSTS
2009
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MBS prices are down -33/32 (FNMA 30-yr 4.5 at 99.00), below the initial morning price level at -10/32. Today's economic data was not a major factor. As has been the case in recent weeks, supply concerns were the primary reason for the decline. Reports by analysts that China and other foreign inv...
06/04/2009
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MBS prices are up +9/32 (FNMA 30-yr 4.0 at 99.88),above the initial price level at +3/32. MBS markets reached a low of -11/32, and unfavorable repricing took place from early investors. April Pending Home Sales rose for the third consecutive month, increasing 6.7% from March. Investors sold MBS a...
06/02/2009
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MBS prices are down -49/32 (FNMA 30-yr 4.0 at 97.00), far below the initial price level at -18/32. Unfavorable repricing took place, a few times.... Friday's rally was completely offset by today's losses, as investors once again believe that interest rates are headed higher. Rumors circulated in ...
06/01/2009
