Clint 's Blog

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, ...

Another week of upward pressure, a glimpse of relief, and then the rally was killed. That's two weeks in a row of "more of the same" and hopefully, that trend will get nipped in the bud this week. Early on in the week mortgage bonds appeared to have hit their lows, finally, after two weeks of sev...

Well the jobs report on Friday helped us gain back a fraction of what we lost in last weeks inflation spurred plunge in mortgage backed securities. We gained around 43bp on Friday alone with unemployment coming in at 5.5%, but that only minimized the loss for the week, ending up around 12bp lower...

Normally the doom and gloom that knocks the stock markets down will have the opposite effect on the bond market and therefore a positive effect on interest rates. Not so when it comes to inflation....which has been the ever increasing "word on the street" as of late. Going back to May 21st when t...

Looking forward to seeing how this week ends up with the Holiday weekend on the horizon. MBS had a good week really, until yesterday afternoon. After gains in the ball park of 120 bp for the last 5 sessions, several factors (including gas prices and more whispers of inflation being the primary su...

Starting off this week the same way we finished up last week, all over the place. MBS securities were up as much as  46 bp (a really good thing, means rates are going down) and down as much as 25 bp, (a really bad thing, means the oppostie obviously!!) over the course of the day. That's a 71 bp s...