Posted on Thursday, 14th October 2010 by chrisjones

Markets: Flat.  Dead, absolute, flat.  No movement.  We’re in the middle of a trading channel and we cannot move higher or lower.  That sticks us at about 4.25 – 4.5% on standard 30-year notes, depending on several factors. Analysis: Unemployment claims data in today showed mixed results.  New claims were up, continuing claims were down.  [...]

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Posted on Tuesday, 14th September 2010 by chrisjones

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Posted on Friday, 10th September 2010 by chrisjones

As you are doubtless aware, rates have been absolutely fantastic for about three weeks.  We have seen rates tumble from already ridiculous lows to unseen and unheard-of low 4% ranges. That appears to be over. The last three days the market has moved in the wrong direction every day, and today is no exception.  RateWatch [...]

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Posted on Thursday, 5th August 2010 by chrisjones

Welcome to RateWatch for Thursday, August 05, 2010.  Here’s what’s happening: Employment again is the news of the day, with new claims up another 20,000 or so to 479,000.  Continuing claims were down, though, to 453,700.  That was not as far down as the markets were expecting, however, and that’s meant that bonds have stayed [...]

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Posted on Thursday, 29th July 2010 by chrisjones

Welcome to RateWatch for Thursday July 29, I’m your host, Chris Jones, and here’s what’s happening: Today’s market: The benchmark bond is up 12bps today.  We’re trading in a very narrow channel.  Economic news today was all about employment, as in, there isn’t much of it.  Unemployment benefits have been extended, so continuing claims were [...]

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