Stable; flight to bonds, but strong resistance.
Posted by Don on Apr 19, 2010
Things are mostly stable today, with the major news as Goldman Sachs, and Greece (still.) With Iceland volcanic ash (believe it or not) keeping Greece from meeting with and finalizing their financing details with the European community, this is still leaving the market a bit unsettled, with respect to this — and flight to “safer haven” investments: bonds. In the case of Goldman...
Read MoreBulls in control (rates down) today.
Posted by Don on Apr 16, 2010
The Bond market is sharply higher (rates down) today, more as a function of news elsewhere; but the trend is strong. In part, the boost is due to a stock downturn, as the SEC charged Goldman Sachs Group, Inc. with fraud related to its subprime mortgage history. Bad news in stocks will often cause “flight to bonds.” Additionally, the Greece situation continues forefront in the market,...
Read MoreStable, on mixed news.
Posted by Don on Apr 15, 2010
The market is relatively stable, as it has been over the past few days. This time, on mixed news. (Factory output increased to an unexpectedly high 0.9%; but first time unemployment claims also rose by 24,000.) The economic reports are coming out as favorable (which means, if the economy is beginning to get its footing, the Fed will begin to look at raising rates.) On the other hand, although...
Read MoreSideways; but contemplate the red pill.
Posted by Don on Apr 14, 2010
With no major news, the market is trading relatively sideways. Several Fed members went on record, including Bernanke, and some traders were disappointed that he wasn’t more pointed discussion on the projection of interest rates — and the market responded with a slight bump in rates. Inflation concerns (currently) remained low, with consumer prices rising 0.1% in March — an...
Read MoreMedium term trend, stable; longer term, up.
Posted by Don on Apr 13, 2010
Rates went down today as the preponderance of the news is stabilizing: Greece sold (on it’s own strength — albeit with the now-presumed backing of the EU) a surprisingly strong bond auction — at about 4.55% — significantly down from the market rate of 7% several days ago. Domestically, the prevailing feeling is that our own rates in the range of 4% are higher than...
Read MoreEarly (late) post.
Posted by Don on Apr 12, 2010
This is just a quick post with some overnight news. I’m up very late working on another project, and have an obligation in the morning tomorrow; and may not get a chance to post. So, I’ve done a quick look at the news, and post this with what’s happening at this hour that may be a market mover for anyone who sees this in the morning. The EU has agreed to a $61 billion dollar...
Read MoreMostly sideways on little news
Posted by Don on Apr 9, 2010
There is little news moving the bond market today, as no major governmental reports are due out, and the ongoing news of Greece seeming to predominate. Expectations are growing (today) that the EU assistance will be forthcoming — perhaps in the 4%-4.5% range. This will work to suppress bond prices (raise interest rates) as it’s lower than some investors had expected. But the market...
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