ARCHIVED BLOG POSTS
2017
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Today is the last day of the second quarter and of course for the first half of the trading year. For many it is the last day of work until next Wednesday July 5th as they take advantage of the 5 day holiday weekend. The Fed's favorite measure of inflation the Personal Consumption Expenditures ...
06/30/2017
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Mortgage backed securities (MBS) closed down 22 basis points today at 10.66 having fallen to 36 basis points below resistance offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%. Whether in New England, the Mid Atlanti...
06/30/2017
While MBS bonds continue to try to find their way higher, they are encountering some moderate chop in the waters. The talk of continued accommodation in the European community has caused pundits here to doubt whether further rate hikes will be sustainable here in the short run. As we observed ...
06/29/2017
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Mortgage backed securities (MBS) closed down 16 basis points today at 103.00 having fallen to 15 basis points below resistance offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%. Whether in New England, the Mid Atlant...
06/29/2017
Mario Draghi of the European Central Bank was back in the news today as he suggested the level of stimulus required to get the European economy moving was only "considerable" stimulation rather than "very substantial". Exactly what that means is not clear but I assume we will find out as we vies...
06/28/2017
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Mortgage backed securities (MBS) closed up 3 basis points today at 103.00 having climbed to within 1 basis point of resistance offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%. Whether in New England, the Mid Atlant...
06/28/2017
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Well today instead of rallying as Thursday and Friday's charting suggested, MBS bond traders pretty much threw in the towel. It was actually Mario Draghi, President of the European Central Bank (ECB) who set the dampening tone stating the inflation was dragging behind expectations. Despite the ...
06/27/2017
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Mortgage backed securities (MBS) closed down 28 basis points today at 103.00 having fallen through and closed 6 basis points below support offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%. Whether in New England, th...
06/27/2017
Friday's suggestions resulting from the Japanese candlesticks did not have much effect on today's mortgage backed securities trading. The "Death" and " Golden" crosses did not cause bonds prices to rise and yields to fall as MBS prices managed only a 3 point gain despite an "A" rated Treasury au...
06/26/2017
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Mortgage backed securities (MBS) closed up 3 basis points today at 103.28 having closed 21 basis points above support offered by the 200 day moving average The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125%. Whether in New England, the Mid Atlantic or the...
06/26/2017
