ARCHIVED BLOG POSTS
2014
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Mortgage backed securities (MBS) closed up 3 basis points today at 105.94 having passed above resistance at the same level prior to closing exactly on it. It will be interesting to see how next week plays out in the stock and bond markets with the world still being an extremely edgy place right ...
08/29/2014
Stocks suffered today as Russia once again staged and invasion of neighboring Ukraine. Apparently thousand of heavily armed troops crossed into the country with border guards in full flight. This bad news helped MBS bonds which otherwise would have had a bad day due to a poor Treasury auction. ...
08/28/2014
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Mortgage backed securities (MBS) closed up 9 basis points today at 105.91 having run up to resistance offered by the 105.94 level before closing just below it. MBS bonds did well today as stocks suffered from the latest incursion by the Russians into sovereign Ukraine. Still denying it as shots...
08/28/2014
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Mortgage backed securities (MBS) closed up 6 basis points today at 105.81 having come to rest precisely on what was formerly resistance. With no economic reports scheduled for release today MBS bonds spent the day quite close to the deck. Words from Mario Draghi at the European Central Bank abo...
08/27/2014
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Stock futures pointed higher this morning as an astonishing durable goods increase was reported this morning. If the aircraft purchases were not included, however, the results would have been humdrum. The Case Shiller report on home prices showed an increase of 8.5% year over year in 20 major U...
08/26/2014
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Mortgage backed securities (MBS) closed down 6 basis points today at 105.72 having remained above dual support offered by the 25 and 50 day moving averages. The chubby red candlestick indicates that trading was in a narrow range today. MBS bonds did well not to recede further as stocks were in ...
08/26/2014
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Despite a poor reading on new home sales and continuing news of unrest in Ukraine, stocks were quickly out of the starting gate this morning with the Dow up over 100 points and the S&P 500 setting new intra day high and surpassing 2,000 for the first time. Apple set a new all time high as a barr...
08/25/2014
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Mortgage backed securities (MBS) closed up 6 basis points today at 105.78 having risen up and passed through resistance offered at the 105.81 level prior to closing just below it. MBS bonds did well to advance today as stock were up strongly throughout the day. We will see if tomorrow's Treasur...
08/25/2014
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With no economic reporting today stock traders reacted Lowe's lowered earnings forecast and Target reduced profit expectations. This set stocks off to a slow start. What traders were really waiting to see, however, was the minutes of today's Fed Open Market Meeting. When they reported they wer...
08/20/2014
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Mortgage backed securities (MBS) closed down 6 basis points today at 105.53 having remained just 1 point above resistance offered by the 25 and 50 day moving averages after having fallen through them during the day. The Fed cited some improvement in the labor market but certainly not enough to r...
08/20/2014
