Thursday, June 16, 2011

"Risk Off": MBS Buyers Missing in Action

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Jun 16, 2011 6:17PM

"Risk Off": MBS Buyers Missing in Action

The benchmark 10-year note finished the day +14/32 at 101-23 yielding 2.926% (-4.9bps) and the 2s/10s yield curve bull flattened another 5 basis points to 255 wide. Bonds managed to squeeze out these gains despite more scratching and clawing from stocks, which continue to hover around key technical support at 1270. The S&P went out +0.17% at 1267.63. Stocks are clinging for life here, entrenched weakness is obvious and bonds aren't being fooled. That is why bonds were better even though stocks...

Jun 16, 2011 10:48AM

Foreclosure Filings in Downtrend. Masked Reality?

Could the end be near? There finally appears to be a developing trend of good news on the foreclosure front as filings of all types declined by two percent in May. This is now the eighth straight month that RealtyTrac's U.S. Foreclosure Market Report has shown a month-over-month drop and May filings were 33 percent lower vs. May 2010. Of course, the foreclosures that have caused such disruption to the market and heartbreak for millions of Americans are still occurring at levels that were never imagined...


Micro News

5:10 PM:

Flight to Safety Continues. Stocks Scratch and Claw

4:00 PM:

Quadruple Witching And Light Econ Data End The Week

3:48 PM:

Lenders Sue Builders Over Bankrupt Development

1:30 PM:

Reuters Poll: Housing to Remain in Doldrums

12:59 PM:

Bonds Holding Up Well as Stocks Search for Savior

10:47 AM:

Greek Finance Minister Says Must Maintain Stability

10:02 AM:

ECON: Philly Fed Factory Activity Lowest in 2 Years

8:33 AM:

ECON: Jobless Claims Ease to 414,000, Still Elevated

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Today's Comments

Adam Quinones

"Stocks seem strong based on day over day gains but in reality they're just teetering on a major technical collapse. Stocks are clinging for life here..."

Show Rates

"Nice dip...keep going!"

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"John - I read your note about the three points. I locked in at 4.75 with 120 day lock. I get some would say that's a high rate and given the sentiment..."

Today's Q&A

Anonymous

"Is real estate tax Paid "in advance" or for the past..."

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