Archive for December, 2009
Thursday, December 31st, 2009
Posted To: MBS CommentaryIt was a choppy day indeed on this last day of 2009. As per usual this week, much of that choppiness can be chalked up to much lower than normal volume. MBS and Tsy's tanked early with the 4.5 down all the way to 99-14 and the ...
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Thursday, December 31st, 2009
Posted To: MBS CommentaryAfter hitting 5 month yield highs early in the session, rates have made a modest recovery back towards their recent range. Prices are now heading sideways in "status quo" territory. Volumes are below average. The 10yr note is -0-14 at 96-04 yielding 3.849%. Illustrating the 5 month ...
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Thursday, December 31st, 2009
Posted To: Community CommentaryI visited China in 2005 and 2007. In addition to seeing Shanghai and Beijing, I got an opportunity to see many historical sites, including Ping Yao. Ping Yao is 14th century well preserved walled city in the Shanxi Province of central China. At one time, it was ...
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Thursday, December 31st, 2009
Posted To: Mortgage Rate WatchMortgage rates improved for the first time in six sessions yesterday as mortgage backed securities price appreciations early in the day allowed lenders to boost rate sheet rebate. Mortgage rates are slightly worse this morning after a better than expected Jobless Claims report. The weekly jobless ...
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Thursday, December 31st, 2009
Posted To: MBS CommentaryGood Morning on this last day of the decade. 10 years sure did go by fast didnt it? Remember the whole y2k computer crisis? People thought the world was going to end when 1999 rolled over to 2000. We dodged a bullet on that one huh? (note ...
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Thursday, December 31st, 2009
Posted To: MND NewsWireIt’s the final day of the decade and the S&P 500 and Dow each are likely to close the year with their biggest annual percentage gains in five years, two of the many signs that the worst of the financial crisis is over. Year to date the ...
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Wednesday, December 30th, 2009
Posted To: MBS CommentaryMBS opened and traded the AM at their best levels of the day with Par on the 4.5 even couched in a supportive guise. But as the noon hour approached, it was back to yesterday's closing levels for MBS as profit taking came, saw, and kicked a ...
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Wednesday, December 30th, 2009
Posted To: MBS CommentaryThe Treasury has successfully auctioned $32 billion 7 year notes YIELDS High 3.345 pct Median 3.290 pct Low 3.200 pct PRICE/ACCEPTANCES Price 99.411474 Accepted at high 55.69 pct Bid-to-cover ratio 2.72 AMOUNTS TENDERED AND ACCEPTED (dollars) Total accepted 32,000,037,100 Total public bids tendered 86,912,515,100 Competitive bids accepted ...
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Wednesday, December 30th, 2009
Posted To: Mortgage Rate WatchThe six day streak of rising mortgage rates finally stalled out yesterday! Although mortgages started the session on a negative note, mortgage-backed securities prices managed to recovery all early losses following a slightly above average 5 year Treasury note auction. After the auction, several lenders repriced ...
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Wednesday, December 30th, 2009
Posted To: MBS CommentaryGood Morning All. Today is the last full trading session of 2009. In relatively high volume, the rates market was able to hold yesterday's gains in overseas trading last night. As MG pointed out in MBS CLOSE last night, the move off of recent price lows/yield highs ...
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