ARCHIVED BLOG POSTS
2015
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Mortgage backed securities (MBS) closed down 28 basis points today at 102.94 having crashed through support at the 103.06 level and headed perilously close to new support now offered at the 102.75 level. That support level is now critical in that it represents the at which each of the last three...
12/22/2015
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Mortgage backed securities (MBS) closed down 3 basis points today at 103.22 having remained above support offer at the 103.06 level and just 9 points below resistance at the 25 day moving average. With no economic reports being released today, MBS bonds did well to hold their ground as stocks, t...
12/21/2015
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For a second post Fed rate hike day stocks were lacerated. Taking a lead from stocks off shore, equities here took large losses. The fact that the Fed's Bullard stated that there would be four rate hikes in 2016 did not help much. After Janet Yellen stated and re-stated that future rate hikes ...
12/18/2015
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Mortgage backed securities (MBS) closed up 16 basis points today at 103.25 having inched ever closed to resistance offered by the 25 day moving average now just 6 basis points above. While stocks were being pummeled with more selling after Wednesday's fed action, MBS bonds managed to take small ...
12/18/2015
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After yesterday's strong run up in stocks in reaction to the Fed finally pulling the trigger on the Fed funds rate, stock traders took profits today. In addition, lower oil prices once again put selling pressure on energy stocks and the broader market. Be careful what you hear from the news med...
12/17/2015
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Mortgage backed securities (MBS) closed up 25 basis points today at 103.09 having broken through and closed above resistance offer at the 103.06 level. As I intimated yesterday, MBS bonds were able to capitalize on yesterday's close above resistance and came to rest just 20 basis points below re...
12/17/2015
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Mortgage backed securities (MBS) closed down 10 basis points today at 102.84 having fallen through support offered at the 102.75 level prior to bouncing back and closing above it. That represent the third time since November 5th that MBS bonds have sunk to that support level and bounced off it. ...
12/16/2015
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After holding the federal funds rate near zero for seven years, the Fed announced a rate hike of 25 basis points, as widely expected. Investors are now asking what the pace of future rate hikes will be. According to the Fed statement, Fed officials expect that economic conditions will warrant onl...
12/16/2015
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On the eve of what is purported to the first rate hike for the Fed funds in year, stocks experienced a fine trading date. Their progress was also aided by a rally in energy markets which saw crude rally above yesterday's historic lows. The Consumer price index was up .2% and was at the Fed's ta...
12/15/2015
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Mortgage backed securities (MBS) closed down 6 basis points today at 102.94 having remained below resistance now found at the 103.06 level and above up support at 102.82. MBS bonds with their small loss were tucked in between large losses in U.S. Treasury markets and large gains in more risk base...
12/15/2015
