ARCHIVED BLOG POSTS
2017
Japanese candlestick readings for today are showing a Doji candle which probably means the trend lower may be in jeopardy. That does not necessarily mean the bonds will go higher right away. Instead we may have some sideways surface skittering. With the German Bund yield sinking below .50, we ...
07/10/2017
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Mortgage backed securities (MBS) closed up 9 basis points today at 102.50 having risen to within 5 basis points below resistance offered by the 100 day moving average. The 30 year conforming remaned at 4.125% today while the 30 year jumbo was available at 4.25%. Whether in New England, the Mid A...
07/10/2017
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This month the government jobs report was worth the wait. The non government payroll increased by 222,000 jobs last month far surpassing the expected 179,000. An added bonus was that the dismal reports from April and May were both revised upward by 33,000 and 14,000 respectively. This changed ...
07/07/2017
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.38 having fallen down to 18 basis points below resistance offered by the 100 day moving average. The 30 year conforming remaned at 4.125% today while the 30 year jumbo was available at 4.25%. Whether in New England, the Mi...
07/07/2017
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With bond yields in Europe rising today, MBS bonds and U.S. treasuries fought an uphill battle to gain any traction today. The only reason they were able to close above their lows, was that domestic stocks were in the tank today. With the impending government jobs report coming out tomorrow, I ...
07/06/2017
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Mortgage backed securities (MBS) closed down 18 basis points today at 102.59 having once again fallen through support offered by the 100 day moving average. The 30 year conforming rose to 4.125% today while the 30 year jumbo was available at 4.25%. Whether in New England, the Mid Atlantic or the...
07/06/2017
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While MBS bonds staged a comeback from their two days below the 100 day moving average, Japanese candlestick charting showed the possibility of another resurgence. At the same time stocks had a hard time gaining any traction today. Inflation remained below the Fed's 2% target leading to confusi...
07/05/2017
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Mortgage backed securities (MBS) closed up 15 basis points today at 102.59 having broken through and closed 5 points above resistance offered by the 100 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 Mi...
07/05/2017
I would like to wish the Active Rain community and anyone else reading this blog a happy 4th of July. Please celebrate our nation's 241st birthday with safety and give thanks for the enormous freedom we as a nation have been able to create and sustain. Let us also think of those across the glob...
07/03/2017
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Mortgage backed securities (MBS) closed down 19 basis points today at 102.66 having fallen to 10 basis points below resistance offered by the 100 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 Atlan...
07/03/2017
