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MBS and Stocks Down Amid European Debt Worries – Market Update
As Italy, Portugal and Spain seek spending cuts, the Dow Jones Industrial Average has dropped 214 points, largely due to European debt worries. Also, mortgage-backed securities are down today, partly...
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European Debt Concerns Resurface – Market Update
French President Nicolas Sarkozy has questioned how much the European Central Bank should support growth in the European region. These comments have caused European debt concerns to resurface. What’s...
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Mortgage-Backed Securities Up – Market Update
Mortgage-backed securities have experienced marginal gains this morning, while treasuries remain flat. Also, the U.S. home sales report is expected to show that home sales increased in March. What’s Up...
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Treasuries Down – Market Update
The economic reports released yesterday revealed that the sales of previously owned homes have dropped, while jobless claims are up. These events have pushed the 10-year treasury yield down below 2...
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Treasuries Down – Market Update
Treasuries are down this morning amid the reported drop in new home sales for the month of March. Also, the Federal Reserve will start a two-day meeting with Chairman Ben Bernanke today, with Bernanke...
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Treasury and MBS Prices Flat – Market Update
The 10-year treasury yield is at 1.92 percent today, relatively flat from yesterday. Yields will likely remain low while worries over momentum in the U.S. continue, and investors keep an eye on the...
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Mortgage-Backed Securities Down – Market Update
Mortgage-backed securities are down today along with initial and continuing jobless claims. Also, the European unemployment rate rose a staggering 10.9 percent in March. What’s Up on Wall Street? The...
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Mortgage-Backed Securities Up – Market Update
Mortgage-backed securities are up this morning as the jobs report revealed that unemployment numbers came in lower than expected. Also, data revealing the change in non-farm payrolls and private...
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Mortgage-Backed Securities Down – Market Update
Mortgage-backed securities are down today as financial troubles in Greece continue to worry investors. The Dow Jones Industrial Average has continued to fall as European debt concerns influence...
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10-Year Treasury Yield Down for Eighth Straight Week – Market Update
The 10-year treasury yield has dropped for the eighth straight week, marking the longest decline since 1998. Whereas the average 10-year yield over the last twenty years is 4.93 percent, today the...
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