ARCHIVED BLOG POSTS
2016
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Deja vu all over again Mortgage backed securities (MBS) closed down another 94 basis points today at 100.16. The bond can now be found below all the moving averages with the nearest being 277 basis points above. That equates to another .25 point increase in interest rates in just one day. The...
11/14/2016
Memorial Day is a day to mourn the dead. Veterans Day is a day to honor the brave, the stalwart diehards who amassed their gumption and their convictions and boldly stepped out into harm's way because they knew it had to be done. With little regard for their own safety, those resolute men and w...
11/11/2016
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I know that is the opposite from the cliche but in this case it applies. After two days during which Mortgage Backed Securities fell nearly 150 point, bond traders needed a well deserved day off. That two day stint felt like the landslides in Peru a few years back. Mortgage interest rates her ...
11/11/2016
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Deja vu all over again Mortgage backed securities (MBS) closed down a whopping basis points today at 101.09. The bond can now be found below all the moving averages with the nearest being 185 basis points above. That equates to another .125 point increase in interest rates in just one day. T...
11/10/2016
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Well here we are a full day after the election and the world has not yet fallen apart. President-elect Trump had a nice visit in the White house today with President Obama. Despite all the harsh words and innuendos, they were said to be cordial and accommodating. While the two men talked, Mich...
11/10/2016
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Going into last night's election most of the world thought Hillary Clinton had a slam dunk chance to eclipse the goal of garnering 270 electoral votes. Trump's late rally to take states like Florida, North Carolina, Ohio and Pennsylvania allowed him to pull off the massive upset. Stock markets ...
11/09/2016
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In a word;Wow!! Mortgage backed securities (MBS) closed down a whopping 97 basis points today at 101.81. The bond can now be found below all the moving averages with the nearest being 107 basis points above. That equates to a nearly .25 point increase in interest rates in just one day. Whethe...
11/09/2016
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After seeing all the videos of long lines at polling places across the country, I was relieved to be only the fifth person in line when I went to vote around 10:30 this morning. After such a wild raucous presidential campaign, I was surprised that the usual bevy of local candidates was not stand...
11/08/2016
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Mortgage backed securities (MBS) closed down 9 basis points today at 102.84 having lost ground once again today. MBS bonds managed to fall 9 points below the 200 day moving average. The 30 year remained at 3.625% as a result. Whether in New England, the Mid Atlantic or the Midwest or anywher...
11/08/2016
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We had a great trip from Fairfield County down to Annapolis, Maryland on Friday. We arrived on time to see the beautiful U.S. Naval Academy on a brief walking tour. The city of Annapolis with its cobblestone streets reminds me of Dover, Delaware with the added bonus of brilliant water views eve...
11/07/2016
