Mortgage Blog

Rate stay on the trading Range

September 10th, 2015 10:27 AM by Eric Fang

First, about the bonds auction today:

30Y Treas Auction:$13B at 2.98% bid to cover 2.54 vs recent average of 2.32
Just like yesterday's 10Y Note, we see strong demand BUT (the U.S. taxpayer) had to pay more to borrow money 2.98% up from 2.88% at the last auction
This may provide a little lift to pricing from levels before 1EST but MBS have very little room to move before hitting our upper resistance.

So we will not see higher/lower rates until further confirmation.

The bonds market is boring, so is the stock market. You will find it is up and down, so it is a good opportunity for those who are good at trading. But from my friends who are good at the trading, they said that they would be "away" from the market for some time.

I am back to the "market", not stocks or bonds, just the races and the training. I finished another 10k race on Monday Sep 7th for the finishing time of 44:04, not bad for me since it is just two weeks after Santa Rosa Marathon, and only 40 seconds slows than my best time. And I started training again today with 8 miles run this morning. 

For the cross training, I biked 15 miles Wednesday.
Posted in:General
Posted by Eric Fang on September 10th, 2015 10:27 AM



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