ARCHIVED BLOG POSTS
2017
As mentioned in this morning's blog there were a bevy of high ranking Fed officials speaking today. The most influential was Fed Chair Janet Yellen who spoke at 1 PM. Both stocks, Treasuries and MBS bonds were down just prior to her speech and traders were pensive. Right after Fed President Bu...
03/03/2017
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Mortgage backed securities closed up 6 basis points 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 19 points during the session causing an alert to lock prior to staging a 41 point rally . Hopefully MBS...
03/03/2017
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If you ever wanted to hear what members of the Federal Reserve Board members have to say, today is the day. Chicago Fed President Evans, who is a voting member of the Fed Open Market Committee (FOMC), will tip off the day at 10:15 a.m... The Fed Open Market Committee makes decisions about monet...
03/03/2017
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Mortgage backed securities closed down 22 basis points today at 101.75 having remained below support offered by the 25 and 50 day moving averages. Bonds continued to falter after President Trump's address to Congress. Hopefully MBS bonds will level off in the cmoning days before mortgage rates ri...
03/02/2017
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In the aftermath of President Trump's first speech to the joint houses of Congress, as anticipated, stocks rallied and bonds tumbled. Trump spoke of jump starting the U.S. economy with a huge tax relief package, overhaul the Affordable Care Act and spend $1Trillion on infrastructure. This could...
03/01/2017
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Mortgage backed securities closed down 19 basis points today at 101.97 having fallen through and closed below support offered by the 25 and 50 day moving averages. Bonds are faltering after President Trump's speech last night. As expected his talk of economic stimulation sent stocks rallying at t...
03/01/2017
