Tag Archives: treasury

Bonds Rise in Value as Stocks Slump

Written by: - October 16, 2009

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16 October 2009 ?Bonds opened at 3bps today and have increased to 19bps this afternoon. If this holds, we may see the bonds continue to improve in the next few days. The rates have risen sharply from previous lows. Weaker than expected sales from GE and IBM have driven the Dow down 130 points today. […]

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Good Economic News and Strong Stock Market Causing Today’s Mortgage Rates to Rise

Written by: - August 12, 2009

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12 August 2009 ? Today the bonds opened up 6bps better, which gave us a little hope our rally would be sustained. However, that quickly turned south and bonds are now down 34bps for the day. Stock traders and investors continue to pour money into the Dow and the traders feel that no change in […]

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Today’s Mortgage Rates Remain at 5% to 5.125% For Well Qualified Buyers

Written by: - August 5, 2009

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5 August 2009 – Today the bond market opened down 31 bps. On Monday and Tuesday combined the bond market was down a total of 94bps. The bond market then bounced back due to a weaker ISM report (46.4 versus the expected 48). Also more job losses were reported, expectations were for job losses to […]

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Today’s Mortgage Rates Are Creeping Up

Written by: - July 30, 2009

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30 July 2009 ? Today the bonds opened down 6 bps and continued to slide and are currently (12:00 p.m.) down 22. The seven-year Treasury Note auction is today at 1:00 p.m EST and this may pressure bonds again. No auctions are scheduled next week, but we need to get through this week’s auctions for […]

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Today’s Mortgage Rates in the Low 5’s Despite Bond Drop

Written by: - July 29, 2009

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29 July 2009 – Today the bonds opened up 29 bps. However by noon the bonds were up 12, which is a decrease of 9bps. By 12:15 the volatility hit that I discussed in yesterday’s update and the bonds are now down 10, which is a 31 bps drop for the day. This auction results […]

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Today’s Mortage Rates Holding Steady at 5.125% to 5.25%

Written by: - July 24, 2009

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24 July 2009 ? The bonds really took a beating yesterday, finishing down 66bps. The pressure came from the rally in the stock market and the announcement of $115 billion in Treasury auctions next week. Today we opened up 6bps and are currently flat, which is a change of -6. Basically this will not impact […]

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Freddie Mac CFO Found Dead of Apparent Suicide

Written by: - April 22, 2009

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22 April 2009 – The CFO of Freddie Mac was found dead in an apparent suicide. Of course, any death is a tragedy, but this is certainly a sign of the times. Treasury Secretary Timothy Geithner said Tuesday he believes most banks are liquid enough to survive the current hardships facing them. The Obama administration […]

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