Santos's Blog

T.G.I.F! To All! Mortgage Bonds are rallying sharply higher this morning.  The reversal from the floor we had identified is continuing in full form, and adding even more favorable technical signals by way of a positive stochastic crossover.Giving Mortgage Bonds some additional help, is the tame r...

Prices may have finally found a bottom!  Back on May 15th, we issued a very important lock alert as prices broke below a very important floor of support.  We have often discussed the importance of this floor and how prices had only crossed it twice in over two years.  This crossing represented a ...

OUCH!!!Bonds woke up in a bad mood today and are currently down -28 basis points.  The Core Personal Consumption Expenditure (PCE) Index for April, which measures core consumer inflation, was reported below expectations at 0.1%.  But more importantly, the small 0.1% rise in April helped lower the...