Derek McClintock's Blog

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4 Bedroom 3 Bath home for sale in San Miguel Ranch Chula Vista 91914 417 CORTE CALYPSO CHULA VISTA CA 91914 $509,000 | 4 BEDROOMS | 3 BATHROOMS | 2 GARAGE | 2732 SQUARE FEET 4 Bedroom 3 Bath home for sale in San Miguel Ranch Chula Vista 91914 Traditional Sale! Welcome home to your completely ren...
02/15/2013
Very early this morning the 10 yr note traded down 1 bp at 1.99% frm yesterday’s close. At 8:30 better news on the Empire State manufacturing index; the index surprisingly jumped to +10 frm -7.8 in Jan with forecasts of -0.2 expected. There was not much movement in either the stock indexes or tre...
02/15/2013
Early this morning the stock indexes were trading lower in the futures markets. The 10 yr note yield up 2 bp frm yesterday’s close, 30 yr MBSs at 8:00 AM +2 bp. At 8:30 weekly jobless claims were better than expected. Claims were down 27K to 341K, expectations were for claims to have declined abo...
02/14/2013
Interest rates started higher (yield) this morning; the 10 yr note at 2.02% early and 30 yr MBSs -21 bp frm yesterday’s close at 9:00. Stock indexes prior to the 9:30 open were trading slightly better. Europe’s stock markets trading higher today.  At 9:30 the DJIA opened +4, NASDAQ +9, S&P +2; 10...
02/13/2013
US stock index futures trading early this morning were fractionally better, the 10 yr note yield as a result started a little higher with early MBS trade about unchanged. Again today, no key economic reports; the main focus today will be this evening’s State of the Union address. What will he say...
02/12/2013
Prior to 9:30 US tock indexes were trading higher, at 9:30 however the DJIA opened down 18, NASDAQ -1 and S&P -2. The 10 yr note early this morning down 8/32 at 1.98% but the softer open in the stock market the 10 was unchanged. 30 yr MBSs also abut unchanged from Friday’s close. There are no eco...
02/11/2013
Early trade this morning was generally flat in stocks and bonds. This week has seen hardly any movement US financial markets, no solid economic data and not much coming from Washington the sequester debates. The 10 yr note yield has stayed in a 6 bp range (closings) and 30 yr MBSs as of 9:00 this...
02/08/2013
Markets started quietly this morning with interest rates continuing relatively unchanged over the past two weeks. The stock indexes in pre-opening trade were hardly changed from yesterday’s unchanged levels. 8:30 data didn’t generate much response in either the bond or stock market.   Weekly jobl...
02/07/2013
The bond and mortgage markets opened a little better this morning with US and Europe stock markets lower. The DJIA appears to be finding it difficult to break and hold above the psychological 14K level; it made it on Monday, sold off Tuesday and then rallied yesterday but didn’t make over 14K. Tr...
02/06/2013
Treasuries and mortgages had a nice day yesterday while the stock market declined. This morning there is no follow-through in the bond or stock markets, stock index trading prior to 9:30 were pointing to a better open, the 10 yr note yield at 9:00 up 4 bp back to 2.00% and 30 yr MBS prices down 3...
02/05/2013
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