The Daily Bond Report - 07/31/08 02:03 PM
Thursday, July 31, 2008
I have a real problem accepting the price of gas when once again Exxon reported record profits... they did miss what analyst expected though. Off my soapbox. The second quarter GDP rose 1.9%, nearly doubling last quarter, but less than the 2% analysts were hoping for. Sounds … (0 comments)
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The Daily Bond Report - 07/30/08 12:24 PM
Wednesday, July 30, 2008
Let's start with the bad news and work our way to good. Mortgage applications dropped 14.1% to levels not seen since 2000, with purchase applications down 7.8%. This is understandable in our ever tightening loan market. With rates up and concerns on inflation being the biggest reason, … (0 comments)
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The Daily Bond Report - 07/29/08 01:17 PM
Tuesday, July 29, 2008
When bad news goes good... bonds took a slight nosedive today after investment bank Merrill Lynch said late Monday it would take a $5.7 billion write-down and sell off $30 billion in mortgage backed securities (MBS) this quarter.... At 1/5th their face value. They are doing this, … (0 comments)
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The Daily Bond - 07/28/08 01:49 PM
Monday, July 28, 2008
Today is a sure float day... for now. With a number of economic reports due out this week, today's happy bond day is due to the sad stock day. Thankfully oil is in a holding pattern even though there was a small bombing issue on one of … (1 comments)
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The daily Bond Report - 07/22/08 12:47 PM
Lock. Lock. Lock. Did I mention that you should have your clients lock today? With Oil below $127, gold down more than $17 today and stocks only on a modest gain, it would sound like a great day for the bond market. Unless of course more bad media came out today on … (0 comments)
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The Daily Bond Report - 07/21/08 01:02 PM
Monday, July 21, 2008
Someone find a pulse on the bond. After last weeks tumble, the bond is laying flat today hoping for some better news. With banks posting better than expected losses (that right a good loss), and Junes Leading Economic Indicators dropping only .1%, investors are having a hard … (0 comments)
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The Daily Bond Report - 07/18/08 01:55 PM
Wednesday, July 16, 2008
The one thing you can count on when you take time off is that whatever can go wrong will. Earnings reports have been coming out this week, and as expected the losses were major. The interesting part is that they were not as major as expected. Today … (0 comments)
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The Daily Bond Report - 07/16/08 01:19 PM
Wednesday, July 16, 2008
yea, it's been a lock day. Most of the market news making the DOW shooting up was based not on companies reporting record profit, but rather loosing less than expected. I am a big fan of finding the silver lining in mushroom cloud that has been the … (0 comments)
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The Daily Bond Report - 07/14/08 12:15 PM
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 window came into play … (2 comments)
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Daily Bond report - 07/11/08 02:30 PM
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 … (0 comments)
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Pre-daily Bond - 07/11/08 11:05 AM
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
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The Daily Bond Report - 07/10/08 11:31 AM
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 done and … (0 comments)
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The Daily Bond Report - 07/09/08 02:34 PM
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 … (0 comments)
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Weekly Trends in the Real Estate Market - 07/08/08 02:18 PM
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 … (0 comments)
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Daily Bond Report - 07/08/08 02:14 PM
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 … (0 comments)
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The daily Bond Report - 07/07/08 12:02 PM
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 … (2 comments)
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The Daily Bond Report - 07/01/08 01:08 PM
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 … (1 comments)
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