ARCHIVED BLOG POSTS
2017
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MBS bonds brought a string of losing sessions to a halt today after having fallen nearly 200 basis point since the close back on February 27th. Traders saw opportunities to pick up some cheap inventory and close out profits on previous short sales. Meanwhile stocks sputtered along with moderate...
03/10/2017
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Mortgage backed securities closed up 22basis points today at 101.09 having gained slightly on resistance offered by the 25 and 50 day moving averages. The 30 year conforming rate remained at 4.375% again today. We will continue to watch rates carefully as this month's Fed Open Market Committee a...
03/10/2017
Oil and gold commodity prices remained down yesterday and the uncertainty of the effect of that the Trump Administration's policies will have on international currency trade and specifically the dollar continues to build. Meanwhile China is continuing to maintain massive gold inventories as the...
03/10/2017
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Mortgage backed securities closed down 59basis points today at 100.88 having fallen further below support offered by the 25 and 50 day moving averages. The 30 year conforming rate remained at4.375% again today. We will watch rates carefully as this month's Fed Open Market Committee approaches. W...
03/10/2017
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Stock futures opened nearly flat this morning in anticipation of this Friday's government jobs report. MBS prices fell off again today despite garnering at A rating on today's auction of 10 year Treasury notes. When the day was done U.S. equity markets took losses today as oil futures sold off ...
03/08/2017
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Mortgage backed securities closed down 28 basis points today at 101.47 having fallen further below resistance offered by the 25 and 50 day moving averages. The 30 year conforming rate rose to 4.375% again today. We will watch rates carely as this month's Fed Open Market Committee approaches. Whe...
03/08/2017
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S & P Futures did not show much promise today in the wake of yesterday's moderate losses. The U.S. treasury auctioned off $24 billion worth of 3 year notes today and the auction registered only C - rating. It seems as if a little luster is coming off the post election Trump rally. Uncertainty ...
03/07/2017
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Mortgage backed securities closed down 16 basis points today at 101.72 having fallen further below support offered by the 25 and 50 day moving averages. MBS bonds closed just 3 basis points above their low of the day. The 30 year conforming rate was clinging to 4.25% again today. We will watch r...
03/07/2017
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As March madness begins in earnest, the economic headlines are getting ready to explode as well. This week's jobs report will garner at lot of attention as will the Fed's much anticipated action to raise the federal funds rate. Equity markets here cannot seem to decide whether to soar or to swo...
03/06/2017
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Mortgage backed securities closed flat today at 101.88 having remained below support offered by the 25 and 50 day moving averages. MBS bonds, which opened down a gap, had been down 20 points during the session . Friday's wish for MBS bonds will level off came true at least for one day. The 30 yea...
03/06/2017
