Reading Notes for: You get rich by taking large amounts of risk with small amounts of money. You stay rich by taking small amounts of risk with large amounts of money. [...]
MBS are down 14 bps on the open, while stock gain about 9 points. After yesterday's RBA (Royal Bank of Australia) surprise rate hike, the Bank of Canada is out with a copycat [...]
MBS were completely flat early. Bonds extended Friday's selling pressure at the start of the overnight with both 10yr yields and longer-run Fed rate expectations lurching higher in Asia. The European session added [...]
Reading Notes for: The Advantages of Having Nothing To Lose So many lives would transform overnight if they realized "My life sucks. I have nothing going for me" really means- I [...]
MBS were completely flat early. Bonds extended Friday's selling pressure at the start of the overnight with both 10yr yields and longer-run Fed rate expectations lurching higher in Asia. The European session added [...]
MBS opened flat but later dropped by 25 bps, while stocks rose by 25 points. The Nonfarm Payrolls report surpassed expectations with 339k jobs added, but unemployment increased to 3.7%, and earnings fell [...]
MBS up 23 bps in the morning. 3 winning mornings in a row. Stocks up 8.89 points Challenger Job Cuts= 80.1k vs 92k f'cast ADP Employment = 278k vs 200k f'cast [296k prev] [...]
MBS are up 20 bps this morning early. Nice gain. Stocks down 23 points Bonds rallied to nearly the lowest yields of the day after the Chi-PMI data but have erased all of [...]