Tag Archives: 10-year notes

Currency wars is what this is all about and the Fed is getting exactly what it hoped for, consumer expectations of rising inflation to shut the door on deflation

Currency wars is what this is all about and the Fed is getting exactly what it hoped for, consumer expectations of rising inflation to shut the door on deflation. This was evidenced in last week’s Michigan Sentiment Survey. With QE2 priced in “before” it happened and the negative connotations mentioned above, treasuries have continued to be slaughtered, sending credit costs higher, doing nothing to stimulate the economy. Look for the Fed to try and talk rates back down. Continue reading

Best bet for Austin mortgage borrowers is to be conservative/cautious with locking your interest rates as the political news will be tomorrow morning’s early trade

Best bet for Austin mortgage borrowers is to be conservative/cautious with locking your interest rates as the political news will be tomorrow morning’s early trade Continue reading

Austin mortgage borrowers are advised to take advantage of rate improvement we see as the skies have yet to clear

With the elections and the Fed meeting next week to hopefully clarify QE2, things could get wild. We also have the Employment report for October a week from tomorrow. Austin mortgage borrowers are advised to take advantage of any rate improvement we see as the skies have yet to clear. Continue reading

Play defense, Austin mortgage borrowers, as the light at the end of the tunnel is not the other side

Text book trading here as this baby is tracking the down trend line like a hunting dog. Good news is that we are at good support mentioned this morning. Play defense, Austin mortgage borrowers, as the light at the end of the tunnel is not the other side. Continue reading

We’ll give the 10 year note auction a B, not to hot, not to cold, but just right considering yesterday’s disaster

We’ll give the auction a B, not to hot, not to cold, but just right considering yesterday’s disaster and the tough hedging environment that fixed income investors are in today. Continue reading

Best bet for Austin mortgage borrowers is to take a defensive posture

Best bet for Austin mortgage borrowers is to take a defensive posture. With so much bond-friendly news priced in, the risk reward for better mortgage pricing is just not there, folks. Continue reading

Best bet for Austin mortgage borrowers: don’t take historic low Austin mortgage rates for granted

Currently, the best bet for Austin mortgage borrowers: don’t take historic low Austin mortgage rates for granted. Continue reading

Tomorrow will be “square up day” where trading is typically quiet before a big release like Friday’s Employment Report

Keep in mind that tomorrow will be “square up day” where trading is typically quiet before a big release like Friday’s Employment Report. More on that tomorrow. Continue reading

Given the “juice” provided by QE2 (rumor or real), we may be set up for a blow off top and hard reversal

Given the “juice” provided by QE2 (rumor or real), we may be set up for a blow off top and hard reversal Continue reading

Just the thought of Quantitative Easing 2 has put a floor under Austin interest rates

Just the thought of Quantitative Easing 2 has put a floor under Austin interest rates. Why many expect the Fed to move in that direction (November meeting), nothing has yet to happen. Fed Chief Bernanke is leading the QE2 charge, talking about “additional purchases” and how it was an “effective program” earlier in the year. Continue reading