ARCHIVED BLOG POSTS
2012
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Stocks continued their free-fall again today as post election woes and the anxiety about the "fiscal cliff" continued. International matters have taken a back seat to talks about the deep chasm between the White House and the Senate on one side and the House on the other. The President has expr...
11/14/2012
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Mortgage backed securities (MBS) closed down 12 basis points today at 104.75 having opened down a gap and fallen below important support previously offered by the 25 day moving average. MBS bonds will now have the 50 day moving average as support just 4 basis points below. We are still advising...
11/14/2012
All three major exchanges here traded to within in $1.00 of where they began the day. In the absence of any economic reporting, traders were still puffing their pipes and considering how to react to the news that the Greek government, despite riots, had passed its austerity budget. With increas...
11/12/2012
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Mortgage backed securities (MBS) were not traded today as all bond trading markets here were closed in obervance of Veteran's Day. While Americans paused to celebrate the boldness and bravery of those who have protected and continue to defend this great nation from enemies at home and abroad, eq...
11/12/2012
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Mortgage backed securities (MBS) closed down 22 basis points today at 105.25 having remained 40 basis points above support offered by the 25 day moving average. Stocks made an attempt to break our of their two day post election malaise but the Dow Jones Industrials only managed a 4 point gain on...
11/09/2012
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Mortgage backed securities (MBS) closed up 34 basis points today at 105.47 having remained above the critical support point offered by the 25 day moving average buoyed by an "A" rating in today's auction of $16 billion 30 year Treasury bonds. The fact that a long term bond like that did so well ...
11/08/2012
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Mortgage backed securities (MBS) were up 56 basis points today at 105.12 having gap opened and closed above support offered by the 25 day moving average. A huge sell-off in equities created a large post election rally in MBS bonds and Treasuries today. Fears that the two houses of congress, eac...
11/07/2012
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Mortgage backed securities (MBS) closed up 25 basis points today at 105.12 having crashed through resistance offered by the 25 moving average and managed to close 18 basis points above it. This is a strong posiitive indication for bonds in the short term. Uncertainty about tomorrow's election c...
11/05/2012
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Booming numbers from a solid Jobs Report ensure a rally in the stock market right? In normal times yes. But with the country in such a quandary about who to elect next week and why, stock traders turned what should have been a rally into a significant sell-off. The Dow was down a whopping 136...
11/02/2012
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Mortgage backed securities (MBS) closed up 28 basis points today at 104.88 having come within five basis points of resistance offered by the 25 day moving average prior to closing just 7 basis points below. Another long green candlestick pointed toward improving conditions in the bond market to...
11/02/2012
