tooele mortgage report: The daily Bond Report
- 06/03/08 05:49 AM
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 about rate hikes. This is good news for us as a country as it will help tame inflation and boost the value of the dollar. Since oil is only traded in dollars, this equals to lower prices per barrel. The bond has been down most of the morning, but has … (0 comments)
tooele mortgage report: Daily Bond Pre-report
- 05/13/08 01:10 AM
Retail sales came lower than expected but with most of that due a drop in auto sales and the dow futures pointing up, if someone signed a REPCE yesterday and there is still overnight price protection, they should lock. The bond is down over 32 Bp for the morning and has fallen below most levels of support. I will have more in this afternoons bond report. Karl Menzer http://www.karlmenzer.com … (0 comments)
tooele mortgage report: Daily Bond Report
- 04/23/08 07:30 AM
Wednesday, April 23, 2008 It takes real self control to not watch the bond constantly and today is no exception. Bond insurer Ambac reported a loss today of $1.6 billion. This was much worse than analysts expected and dropped their stock down to under $ 5 a share. They were $95 a year ago (ouch). Oil is becoming the main driving factor in the market today, with it almost reaching $120 a barrel yesterday before retreating back to the $117 range. The stock market is up a little over 20 points, which is helping pull the bond down drastically. Currently the bond … (0 comments)
Tuesday, June 03, 2008;)
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