Maine Mortgage Market Wrap 02.08.2011

MARKET WRAP: Mortgage Bonds had their monthly coupon rollover after the close of trading today. The effect of this rollover was minus 31bp points for the 4% coupon ending down 81bp on the day.  The fall today was due to continued inflation pressures and economic optimism and as money continues to move into the StockContinue reading “Maine Mortgage Market Wrap 02.08.2011”

Maine Mortgage Market Wrap 02.07.2011

MARKET WRAP: Mortgage Bonds fell today for a 6th straight session pressured lower by rising Stock markets. Stocks were fueled by M&A deals and by economic optimism. Continued inflation fears and Treasury supply issues were the catalysts in the move lower by Bonds. The 4% coupon finished the session at 97.53 down 16bp but didContinue reading “Maine Mortgage Market Wrap 02.07.2011”

Maine Mortgage Market Wrap 02.04.2011

MARKET WRAP: Mortgage Bonds fell for the 5th straight this week on positive economic reports, supply issues next week, inflation fears and a fall in the unemployment rate. The 4% coupon close to 200bp this week finishing at 99.62 down 47bp. Stocks managed to put up gains this week with the Dow rising 2.3% toContinue reading “Maine Mortgage Market Wrap 02.04.2011”

Maine Mortgage Market Wrap 02.03.2011

MARKET WRAP: Mortgage Bonds fell for a 4th straight session on a better than expected reading from the ISM Services, lower Initial Claims, Treasury supply next week and the biggest fear of all, inflation, which has been fueled by rising oil and food prices. The 4% coupon fell 34bp to end the session at 98.09.Continue reading “Maine Mortgage Market Wrap 02.03.2011”

Mortgage Bonds Rally late in the day

Impressive comeback with the close above the 25-Day Moving Average. MARKET WRAP: Mortgage Bonds opened sharply lower this morning as investors moved into more riskier asset classes but as the trading day unfolded they were able to push higher but still closed in negative territory. The 4% coupon ended at 99.50 down 12bp but aContinue reading “Mortgage Bonds Rally late in the day”

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