February 27, 2014
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Translation. This was my gift the other day from my boy who is turning 6 years old tomorrow:
“I love you daddy you will open this and you will see what’s inside here”
My Market Watch: Bonds Up +13bps From Yesterday’s Close. The Fannie Mae 30-Year Bond is up +13bps from yesterday’s close. When traders buy bonds a lender’s rates/pricing improve…it’s as simple as that. The trend in bond trading is looking good and I’m hoping for a nice rally. Of course, Janet Yellen speaks today and depending on what she says we could see a move one way or the other. But my gut tells me that today will be innocuous.