ARCHIVED BLOG POSTS
2018
After a fortnight of near zero or sub zero temperatures, we experienced a thaw and heavy rains which created leaks in many basements and occasional flooding. When the ground finally warmed up it turned muddy and made it difficult to allow pets to exercise outdoors with out creating muddy messes ...
01/25/2018
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Mortgage backed securities (MBS) closed up 10 basis points today at 101.38 after having been up as many as 16 basis points during the session. They remained below resistance offered by the 10, 25 and 50 day moving averages and come to rest 20 basis points below the 10 day. The 30 year was avai...
01/25/2018
At last a reprieve today as Mortgage backed securities ended their nasty streak of declines. At the same time, the yield on the 10 year Treasury Note fell back below the critical 2.62 albeit barely closing at 2.617. The NASDAQ and the S & P 500 managed small gains today in lackluster earnings t...
01/23/2018
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Mortgage backed securities (MBS) closed up 22 basis points today at 101.50 after having been up as many as 16 basis points during the session. They remained below resistance offered by the 10, 25 and 50 day moving averages and come to rest 20 basis points below the 10 day. The 30 year was avai...
01/23/2018
Finally our dysfunctional congress woke up and decided to fund the government today after Friday's failure. Most Americans were not impacted by lack of service or any other ancillary changes. I heard folks I encountered admonishing them for their seemingly childish lack of respect for one anoth...
01/22/2018
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Mortgage backed securities (MBS) closed flat today at 101.28 after having been up as many as 16 basis points during the session. They remained below resistance offered by the 10, 25 and 50 day moving averages and come to rest 53 basis points below the 10 day. The 30 year was available at 4.25%...
01/22/2018
Although stocks managed moderate gains today, MBS bonds stunk it up once again. I have been warning about the danger of the 10 year Treasury note closing over the 2.62 threshold. Today it closed at 2.6592. This does not bode well for the continuation of the low interest rate environment we hav...
01/19/2018
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Mortgage backed securities (MBS) closed down 25 basis points today at 101.28 having remained below resistance offered by the 10, 25 and 50 day moving averages and come to rest 65 basis points below the 10 day. The 30 year was available at 4.25% today. The 30 year jumbo was at 4.375%. Whether ...
01/19/2018
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Easy come; easy go. After the large gains in stocks yesterday about a third of that was lost today. Also as MBS bonds sold off again today, the yield on the 10 year Treasury was perilously close to the precipice represented at the 2.62 level. We are hoping the note will hit that level and boun...
01/18/2018
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Mortgage backed securities (MBS) closed down 16 basis points today at 101.53 having remained below resistance offered by the 10, 25 and 50 day moving averages and come to rest 50 basis points below the 10 day. The 30 year was available at 4.125% today. The 30 year jumbo was at 4.25%. Whether ...
01/18/2018
