The trading in the fixed income sector was very slow and boring yesterday. Mortgage backed securities moved in a very tight range which kept mortgage rates unchanged on the day. Unlike Wednesday, the economic data wasn’t the friendliest for the fixed income sector; however, weakness in the stock market helped to keep MBS near the top of the trading range which has kept rates near six month lows.

The Treasury Department announced yesterday a new supply of 2 year, 5 year and 7 year...

In 2009 :
Lo : 37 °
Hi : 63 °
Rainfall : 0.00 “

In 2008 :
Lo : 20 °
Hi : 56 °
Rainfall : 0.00 ”

In 2007 :
Lo : 58 °
Hi : 75 °
Rainfall : 0.00 “

In 2006 :
Lo : 37 °
Hi : 46 °
Rainfall : 0.00 “

In 2005 :
Lo : 23 °
Hi : 54 °
Rainfall : 0.00 ”

In 2004 :
Lo : 54 °
Hi : 60 ° ...

DANIEL 7:13-14 "In my vision at night I looked, and there before me was one like a son of man, coming with the clouds of heaven. He approached the Ancient of Days and was led into his presence.14 He was given authority, glory and sovereign power; all peoples, nations and men of every language worshiped him. His dominion is an everlasting dominion that will not pass away, and his kingdom is one that will never be destroyed. Daniel was one of the people taken into captivity by King Nebuchadnezzer...

You're Invited!
Miracle on Main Street
Sayville, NY
an event brought to you by the Greater Sayville Chamber of Commerce

WHERE: Downtown Sayville, Main St. & South Main St. (Montauk Hwy)

WHEN: Saturday, November 28, 2009 5pm-9pm

Come to Sayville and experience a classic holiday celebration! The day begins with a morning parade down Main Street with Santa! Late afternoon the main event unfolds, with all the charm of yesteryear......

Yesterday’s trading action in the mortgage backed securities market was pretty similar to what we had the day before. Early morning weakness, followed by a move higher mid day only to move back lower by the close. The economic data yesterday was fairly positive for the fixed income sector which helped spark the move higher but profit takers stepped in which kept mortgage rates unchanged on the day. With the year end fast approaching, market participants will look to cash in profits at any opportunity...