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ARCHIVED BLOG POSTS

2009 

The Fed purchased $20.4 billion in agency MBS during the weekly period ending August 12, from $19.2 billion the prior week. Freddie Mac reported that average mortgage rates rose in the week through August 13, with 30-yrs hitting 5.29%, from 5.22% the prior week.  Tomorrow, CPI, Industrial Product...
08/13/2009
MBS prices are up +17/32 (FNMA 30-yr 4.5 at 99.72), above the initial price level at +5/32, and near the high for the day.  Today's weaker than expected Retail Sales and Jobless Claims data sparked a rally in MBS markets. Stronger than average demand for the 30-yr Treasury auction later pushed MB...
08/13/2009
While the treasury purchase program was originally scheduled to end in September, the Fed now will gradually reduce the size of Treasury purchases beginning August 19 and will conclude the purchases by the end of October. The total will remain at $300 billion. No changes were announced for the $1...
08/12/2009
MBS prices are down -2/32 (FNMA 30-yr 4.5 at 99.22), below the initial price level at +1/32, but above the low for the day of -11/32. MBS prices moved lower ahead of the Fed announcement and then rose after its release. As expected, the Fed held interest rates steady, and its statement contained ...
08/12/2009
MBS prices are up +11/32 (FNMA 30-yr 4.5 at 99.28), above the initial price level at +8/32, and at the high for the day.  Today's Productivity data had little impact on MBS prices. Demand was strong for the 3-yr Treasury auction, and foreign investors purchased 63% of the total. The Dow fell 100 ...
08/11/2009
MBS prices are up +18/32 (FNMA 30-yr 4.5 at 99.31), above the initial price level at +5/32, and at the high for the day.  No economic data came out today. MBS prices fell sharply last week, and investors, perceiving value, purchased MBS today ahead of this week's Treasury auctions. The Dow fell 3...
08/10/2009
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