More of the same for the mortgage backed securities market. After being pushed down to their worst levels of the year, which of course means rates at their highest of the year, bonds mounted a rally last week. Talk of a potential fed hike eased, apparently, some of the inflation fears and that he
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07/29/2008
Last week as each day started, mortgage backed securities traded lower, and lower, and lower. Friday of last week was more of the same really. If you dared to say "well, nowhere to go but up from here." Going into trading on Friday morning, you were sorely mistaken. Bond traders found a way and p
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07/21/2008
Back from Thailand and trying to get a grip on things again....I'm sure that won't be difficult. Today saw the bond market not miss a beat on the heels of yesterday's 66 bp gain with another strong 28bp gain. (Using the FNMA 6% Coupon). This rally was spurred on by a bit hit to the stock market,
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07/09/2008