ARCHIVED BLOG POSTS
2012
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Mortgage backed securitiees (MBS) closed down 3 basis points today at 102.22 having come within 13 basis points of resistance offered by the 100 day moving average prior to falling away and closing just above its low for the day. The fact that the bond was not able to sustain yesterday's gain an...
03/22/2012
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Mortgage backed securities (MBS) closed up 9 basis points today at 102.41 having remained in a neutral zone just below the 100day moving average and about 100 points above the 200 day moving average. The large green candlestick shows that the bond had been down more than 50 points lower before c...
03/16/2012
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Initial jobless claims were down 14,000 this week to 351,000. This good news send the tone for the day as a rally in Dow Jones transportation stocks led advances across the board. Even after a rumor that Obama was going to use oil from reserves was debunked transportations stock kept climbing. ...
03/15/2012
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Mortgage backed securities (MBS) closed up 6 basis points today after yesterday's huge selloff. The closiing price was 102.31. Bonds fell down to the next level of support before bouncing back to within 30 points of the new resistance offerd by the 100 day moving average. The Producer Price In...
03/15/2012
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Despite the fact that bonds and stocks usually move in opposite directions, stocks made little progress today as bonds and Treasuries tumbled. With the Fed seeing an improving economy and most of the big banks passing their stress tests there was good news lingering in the equity pits today. As...
03/14/2012
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Mortgage backed securities (MBS) closed down 66 basis points today at 102.25 having opened down a gap and then plummeted right through a support level at the 100 day moving average that had held since April 2011. We had been seeing a trend of falling through support levels, but today prices fell...
03/14/2012
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A second Greek bailout went through today causing elation in equity markets overseas. Stock futures travelled in lock step by pointing higher as well. JP Morgan passed a stress test proving that it had the resilience to keep moving forward in today's envirionment without requiring additional ca...
03/13/2012
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Mortgage backed securities (MBS) closed down 38 basis points today at 102.88 having having tumbled all the down through support at 102.81 before bouncing back slightly. This was quite a tumble for MBS bonds which are now well of the lofty mountain on which they had been perched since October. D...
03/13/2012
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Stocks continued to make up for Tuesday's losses today as the Greek debt swap deal was finally closed. This was much talked about and a long time in coming. Unfortunately it is not the last we will hear about Greece and Europe's other ailing economies. Speaking of debt, the U.S. Treasury will ...
03/08/2012
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Mortgage backed securities (MBS) closed down 12 basis points today at 103.41 having once again fallen thorugh supporrt offered by the 25 day moving average and stopped just above the resistance at the 50 day moving average. Good news from Europe about Greece's debt swap sent MBS bonds reeling th...
03/08/2012
