daily bond report: Daily Bond Report - 08/08/08 01:36 PM
Friday, August 08, 2008
With Fannie Mae announcing that their second quarter earnings were three times less than what analysts expected and their CEO stating that they are expecting it to get worse, it would seem logical that the bond and stock market would follow past trends and would both tank... … (1 comments)
|
daily bond report: 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)
|
daily bond report: 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)
|
daily bond report: 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)
|
daily bond report: 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)
|
daily bond report: 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)
|
daily bond report: 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)
|
daily bond report: 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)
|
daily bond report: 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)
|
daily bond report: The Daily Bond Report - 06/30/08 02:42 PM
Monday, June 30, 2008
Bonds have remained flat for most of the day. Currently the FNMA 5.5% 60 yr is down 6 Bp for the day and has been between -6 and +12. With investors looking at a $162 billion war spending bill marked for a volatile region, oil is where … (0 comments)
|
daily bond report: The Daily Bond Report - 06/27/08 12:32 PM
Friday, June 27, 2008
After yesterdays massive selloff of stocks yesterday, it looks as if the bond market is trying it's best to turn positive. A good sign of just how hard this is proving to be, although the DOW dropped over 300 points, the bond struggled to gain little more … (0 comments)
|
daily bond report: The Daily Bond Report - 06/24/08 03:07 PM
Tuesday, June 24, 2008
As what is becoming the norm with the market and rates, bonds came off their high of the day and dropped into negative territory before bouncing back to being up 25 Bp for the day. Making the market move erratically today is a mixture of housing numbers, … (0 comments)
|
daily bond report: The Daily Bond Report - 06/17/08 11:21 AM
Tuesday, June 17, 2008
Here is something that you don't hear every day. Kuwaiti Finance Minister Mustafa Al-Shimali stated today that oil prices are too high and that they should be around $100 per barrel. With this coming from the 4th largest oil producing member OPEC, oil has retreated below $134 … (1 comments)
|
daily bond report: The Daily Bond Report - 06/12/08 02:07 PM
Thursday, June 12, 2008
This morning the bond found its level of support..... and then shot lower. With May retail sales beating everyone's expectations by .5%, it seemed that the much worse than expected unemployment numbers, which came in at 384,000, took a back seat. Bonds are still tracking down and … (1 comments)
|
daily bond report: The Daily Bond Report - 06/09/08 01:55 PM
Monday, June 09, 2008
Lehman Brothers announced today that they are expecting a $2.8 Billion loss for this quarter and are in the process of trying to raise $6 Billion in Capital. This has provided the hammer to push down the bond today and raised rates. Oil, which flirted with $140 … (0 comments)
|
daily bond report: The daily Bond Report - 06/03/08 12:49 PM
Tuesday, June 03, 2008
Factory orders Jumped up a whopping 1.1% last month, much higher than the .1% expected, and giving the Dow a good boost in the morning. Banging Ben Bernanke also came out and to no surprise said that the Fed is done with rate cuts and even hinted … (0 comments)
|
daily bond report: The Daily Bond Report - 05/29/08 12:08 PM
Thursday, May 29, 2008
Bonds are getting hammered today with the FNMA 5.5% 30 yr down 85 Bp for the day. The big winner today are stocks which meandered this morning for a while between positive and negative territory then shot up over 119 in the last 45 minutes. Moving the market … (0 comments)
|
daily bond report: Daily Bond Report - 05/27/08 12:23 PM
Tuesday, May 27, 2008
Since pricing came out this morning the bond is down 4 Bp. The negative there is that it is down 31 Bp since the market opened. This means that most of the damage done to rates happened before lenders came out with rates. In short, if the … (0 comments)
|
daily bond report: The Daily Bond Report for the Tooele and Salt Lake City Real Estate Markets - 05/20/08 02:11 PM
It's another rodeo ride for the bond market today. The biggest market news is OIL (again), and it's push to the $130 mark. Economists' have been predicting $200 a bbl by year's end and it is starting to look like it may happen. Anyone have a Moped for sale? The Labor … (2 comments)
|
daily bond report: Daily Bond Report For The Tooele and Salt Lake City Real Estate Markets - 05/19/08 01:15 PM
Friday, May 16, 2008
When I first saw the layout to our new home I thought "how smart to have the laundry on the second floor", then I moved a washer and dryer. Now all I think is "OUCH!!!" The market is much nicer than that today. With most economists feeling … (1 comments)
|
;)
;)
