Greetings from Aruba this time. Last week was rather tame, wasn’t it?  Yeah, right.  Well, actually it started out rather tame, but the end of the week had bonds moving higher, looking good, then they came crashing down hard.
There wasn’t much data last week, and as such, traders look for anything to grab onto, […]

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Did you enjoy the wild ride we had last week? Volatility reentered the market as data and news went both ways providing moves both up and down. Mortgage backed securities ended the week up 63 basis points, providing a slight tick down in rates.
Those big events I mentioned last week played a huge […]

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Mortgage backed securities started the week off well, but their 25-day moving average proved too strong to break, and down they went, again. As I stated last week, there was not much data being released, so technical indicators and news, such as earnings, fueled the moves in the markets. Mortgage rates ticked only […]

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If you could sum up all of the problems that bonds faced last week into one word, it would be inflation. Between earnings reports and economic data, along with various Fed speeches, there was little doubt which fear would take hold.
Retail Sales kicked it off by beating expectations, followed by PPI blowing away it’s […]

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Last week was again full of its ups and downs, but as I said before, the current trading pattern would be hard to break. As far as volatility goes, last week was mild, even with the movements either direction. In fact, if you look at the charts, bonds basically “flat-lined”, moving either side […]

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Another volatile week occurred and that will likely continue to be the pattern moving forward.  The good news was mortgage backed securities gained about 41bp on the week, letting rates improve slightly for some.  More importantly, they remained in their current trading range after again testing their 50-day moving average.
The week started off well, but […]

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Sorry this one is out late today, but I have been catching up on last week’s events, their effects on the market and much more. It is not easy returning from a week’s vacation when you cut yourself off from what is going on.
As I mentioned, a lot of volatility occurred throughout the week […]

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