RECENT BLOG POSTS
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Monday, July 14, 2008 Latre Friday had some major market moving news come out after the markets closed, which followed through the weekend with fed meetings. Late Friday Indymac officially imploded and fell under the umbrella of the federal government. That Whole FDIC insured sticker on the windo...
07/14/2008
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Friday, July 11, 2008 And so it goes again. The bond started off on a very good note today up almost 60Bp toucing the 100 & 200 day moving average. All signs pointed to yes today and then... Treasury Secretary Henry Paulson came out this morning with a short and not too sweet speech about how...
07/11/2008
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If you have a pulse odds are you have heard the Freddie fannie news. The bond has just turned negative. Although it may be short lived, if you have an accepted contract, i would have your clients lock to be safe. More to come in the bond report. Karl Menzer http://www.karlmenzer.com
07/11/2008
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Foreclosures are up, the dollar is gaining strength, and John Mayer admitted to a fling with a fan. Hey in this emotional market, anything can change the tide. The biggest market movers today are Retired St. Louis Fed President William Poole's comments on how Freddie and Fannie are basically don...
07/10/2008
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Wednesday, July 09, 2008 Iran would test a missile that would reach Israel? Really?... Although I don't see the surprise, investors did and retreated from the Dow today. They initially moved to oil, but then the Bond Gods shined down and gave us a massive drop in the Dow and oil seemed to settle...
07/09/2008
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JOB MARKET Weekly Jobless claims Jumped 16,000 from the previous week, along with beating estimates by 24,000. Unemployment nationally stayed the same, but with the number of layoffs announced this week it is expected to take a small rise in July. A sure sign that oil is hurting the auto industr...
07/08/2008
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The late fear yesterday was that both Fannie Mae and Freddie Mac were in trouble and needed to raise some fast cash to stay afloat. With mortgage backed securities starting with FNMA, although the market was primed for better rates, no one seemed to be able to get past that. It almost made the f...
07/08/2008
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Monday, July 07, 2008 Look up, look down, look all around.... Most of us remember how the last line goes, and it is about the same with mortgage backed securities today. The bond was down as much as 38 Bp when I started writing this article today... then it rebounded up 17 Bp, and now it is up 7 ...
07/07/2008
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Tuesday, July 01, 2008 For those of you who had the joy of living through the punk rock scene in the 80's you may remember a band called FEAR that had this lovely little ditty called "let's have a war". It seems like today the main market mover is the fear of just that. With Israel more comfortab...
07/01/2008
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Monday, June 30, 2008 Bonds have remained flat for most of the day. Currently the FNMA 5.5% 60 yr is down 6 Bp for the day and has been between -6 and +12. With investors looking at a $162 billion war spending bill marked for a volatile region, oil is where the eyes are today With oil passing a ...
06/30/2008