Phil Grossfield's Blog



Leo“DADDY, IT’S ST. PATRICK’S DAY!!!!!”  My son came into my room yesterday morning wearing every green shirt, pants and socks he could find, and, a green hat no less.  I got it tapered down a little (notice I used e a financial term to explain) and this was the result.  Not bad, eh?  He was so excited for St. Patrick’s Day…every day since Wednesday last week he was asking when the big day would finally get here.  Yesterday morning he woke me up at the crack of dawn (thank you very much) to tell me it had finally arrived…”DADDY, IT’S ST. PATRICK’S DAY!”  Then he slammed the door shut and ran downstairs to make a poster for the Leprechaun, which is proudly displayed in the picture to your right.  Now tell me that doesn’t bring a smile to your face.

My Market Watch:  Bonds Up +16bps – Pricing Is Improved. The Fannie Mae 30-Year Bond is trading up +16bps since yesterday’s close. A lender’s rates/pricing improve when bonds are being bought.  Crimea is the headline once again…I’m sure you’ve already read that Russia has taken control. Crimea is now a part of Russia…it’s official. From my standpoint, I know nothing of Crimea other than rates/pricing have improved this morning.

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