salt lake city market news: 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)
salt lake city market news: 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)
salt lake city market news: The Daily Bond - 06/20/08 03:15 PM
Friday, June 20, 2008
We started the day off well enough and even had the option of a re-price for the better. With Oil down from its high of the day, and all the major Indices also down, it would be safe to say today is a float day.... But it (0 comments)
salt lake city market news: 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)
salt lake city market news: The daily Bond Report for the Salt Lake and Tooele Markets - 05/28/08 12:00 PM
Wednesday, May 28, 2008
Durable Goods came in down .5% which was slightly less than the .7% drop than anticipated. What has killed the bond today is that if you exclude transportation, it came in up a whopping 2.5%. This may be a signal that businesses feel that it is time (0 comments)
salt lake city market news: 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)
salt lake city market news: Weekly Trends for for the Tooele and Salt Lake Real estate Market - 05/13/08 11:48 AM
THE JOB MARKET
Weekly Jobless claims dropped dramatically last week. Initial jobless claims came in at 365,000 down 15,000 from the prior week, and 5,000 less than expected. In Utah, labeled as one of the most recession proof cities in America, unemployment edged down to 3.1% in April. Approximately 24,000 new (0 comments)
salt lake city market news: Daily Bond Report for Tooele and Salt Lake Real Estate Markets - 05/12/08 12:57 PM
Monday, May 12, 2008
Bond Insurer MBIA posted a $2.41 Billion loss in the first quarter. Indymac also came out posting a loss this quarter, then going further by stating that it more than likely show a profit this year. There isn't much economic news out today, but he week is (0 comments)
salt lake city market news: The Daiuly Bond Report for Tooele and Salt Lake City Real Estate - 05/09/08 02:48 PM
Friday May 9th, 2008
If speed racer were real I think he may have to start looking at alternative fuel for the Mach 5. Oil topped $ 126 a Bbl today, once again reaching an all time high. Don't even get me started on the price of Platinum. Mix into this (0 comments)
salt lake city market news: daily Bond Report for Tooele and salt lake Utah - 04/29/08 02:07 PM
Tuesday, April 29, 2008 We broke 2 records today. The S&P/ Case Shiller index dropped the most ever. This report talks about the rate of housing value which dropped 12.7% in February. Consumer confidence also came out today. Although the number beat estimates by .3% the number of people who believe their (0 comments)
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