bonds: Ecomomic Calender for week of May 18th. 2008 - 05/18/08 06:47 PM
WE have some moderate news coming out this week, and a big one is this Wednesday the 20th and that is the Federal Open Market Committee. It consists of the seven Governors of the Federal Reserve Board and five Federal Reserve Bank presidents. The FOMC meets eight times a year in … (0 comments)
|
bonds: Making the sausage - 05/13/08 10:00 AM
"Do or do not. There is no try."YodaJedi master, from the "Star Wars" series
Core Retail Sales has come in much better than what was expected, and the mortgage backed bonds drop on the news. Stock futures are going from negative up to positive levels. Gas and Oil are remaining quiet. I hate think of the … (0 comments)
|
bonds: Mad Mortgage Machine Minute - Cinco de Mayo - 05/05/08 08:42 AM
Microsoft pulled back it's offer for Yahoo and of course Yahoo stock is retreating. The mortgage backed bonds are opening higher already up 19bps points from the time that I did the morning video.
It was a great weekend, I noticed that there are a lot more open houses in … (0 comments)
|
bonds: Mad Mortgage Machine: WIR & upcoming economic events - 04/26/08 09:16 PM
Week in Review: We had a heck of a week in bonds, we got 3 or 4 repricing alerts for the worse, but they ended the week unchanged or up slightly. That has been our week in the mortgage bond market.
After last week's relatively slow economic news, somethings will heat … (1 comments)
|
bonds: Inflation and Earnings - 04/15/08 10:01 AM
With good earnings news and a higher inflation report means stocks start the day on the upside and bonds get pushed lower this morning. Obviously, if you know anything about the relationship between rates and bonds you know we are going to have some worse pricing coming out here soon.
Oil has … (2 comments)
|
bonds: Mad Mortgage Machine Minute - April 10, 2008 - 04/10/08 12:21 PM
Well, today, I am working and watching. We are watching the stocks pick up some steam with Wal-Mart and Costco showing some positive earnings. Intel showing a slight decline and since we are in the earnings season. Stocks are going to be a little more volatile. The Trade deficit was wider … (1 comments)
|
bonds: Mad Mortgage Machine Minute - 04/07/08 06:23 PM
The benchmark FNMA 5.5% mortgage bonds did claw back from an earlier nearly 60bp deficit to close with a meager loss of just 12bp at $101.19. Earlier gains in the stock market weighed heavily on bond pricing, although a spike in commodity pricing was responsible for most of the day's downward pace.
The bleak Jobs Report continues to … (1 comments)
|
bonds: Mad Mortgage Machine Minute - April 03, 2008 - 04/03/08 09:31 AM
We are seeing some good gains in the bond market as initial jobless claims came in higher then September 2005 levels. Big Ben Bernake is back on Capitol Hill this morning to testify before the Senate Banking Committee.
Stocks have opened lower, but are trying to put together some good numbers and rally … (0 comments)
|
bonds: Mad Mortgage Machine Minute - 04/02/08 08:30 AM
Big Ben goes to the hill today to answer for the Bear Stearns meltdown/buyout. Bonds are down this morning on the news of ADP employment report that was up 8k vs. expectations that they were going to be down 45k. Stock futures are trading higher this morning. So, we can … (2 comments)
|
bonds: Special Mad Mortgage Machine Minute Update - 03/19/08 10:39 AM
The Office of Federal Housing Enterprise Oversight(OFHEO), I wonder if these guys get a a cool badge, They have lifted the special capital restrictions that had been put into place against Freddie and Fannie allowing them to put in $200 billion dollars into the mortgage bond market not the 10 … (0 comments)
|
bonds: Can you say "Spring is in the air..." - 03/19/08 09:23 AM
After losing a whopping 88bps yesterday, the bond has rallied back to high of 72bps as of 9:05 this morning. Visa is set for it's IPO which is expected to be the largest ever in the USA. Morgan Stanely's quarterly profit is down, but still beat the estimates. Who are … (1 comments)
|
bonds: Mad Mortgage Machine Minute - 03/18/08 10:59 AM
I am not going to use the word "volatile". I think it is has been overused in recent post. We had a nice run up in pricing yesterday as investors pulled out of stocks and dumped it all into bonds. However, this morning there was some profit taking and we are … (2 comments)
|
bonds: A Crisis of Confidence - Bears Stearns Bail Out - Fed cuts rate - 03/17/08 08:10 AM
JP Morgan buys Bear at $2 a share, it was valued at $171 in January 07, and one investor will lose $1.16billion at least on paper. You know a billion here and a billion here and sooner or later you are talking real money. Stocks Futures are opening down sharply … (1 comments)
|
bonds: Carlyle Group Nears Bankruptcy - 03/13/08 10:29 AM
The Carlyle Capital, a mortgage bond fund, nears bankruptcy when it failed to reach agreement with lenders who demanded more than $400 million for margin call. Mortgage bonds fall as they flood the market with bonds, but I am watching the market as it is still very volatile and has come up quite a bit … (1 comments)
|
bonds: The Mad Mortgage Machine Minute - 03/12/08 01:23 PM
We are seeing a nice run up in the bonds as they enjoy the infusion of cash from the new gov't program or as they call it liquidity crunch management tool. The Term Securities Lending Facility (TSLF) will give banks access to $200 billion dollars and take less than desirable … (1 comments)
|
bonds: All over the place it is...Volatile Part 2 - 03/07/08 08:23 AM
As you may have read in yesterdays Mad Mortgage Minute the FNMA 30 year 5.5 bond was down 103bps. I said that we could see a reversal today. Well, I am the MAN...as of right now and this is right now, it all could come crashing back down to earth in … (1 comments)
|
bonds: Mad Mortgage Minute - 02/28/08 09:12 AM
Weak data will push the mortgage bonds up and over the 100 Day Moving Average - currently up 50 bps. Some other data today:
Sprint Nextel posts a $29.5 billion Nextel writedown. - I do wish they would have handled the merger better with these two companies
GDP comes in at 0.6% - slightly less … (0 comments)
|
;)
Links;)
Tags (Tag Cloud);)
Archives
