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2023-03-07 11:49:00 ET Summary The relative affordability of the typical new home sold in the U.S. improved in January 2023. Looking forward, we already know mortgage rates averaged close to the same in February 2023 as they did in January. March 2023 however may present a ver...
SPDR Portfolio Mortgage Backed Bond ETF ( SPMB ) - $0.0578 . 30-Day SEC Yield of 2.98% as of Feb. 28. Payable Mar 07; for shareholders of record Mar 02; ex-div Mar 01. For further details see: SPDR Portfolio Mortgage Backed Bond ETF declares monthly distribution of $0.0578
Summary The prospect of higher U.S. interest rates continues to loom large over the markets. The US is in the late stage of the economic cycle. What to expect in a late-stage economy. The prospect of higher U.S. interest rates continues to loom large over the marke...
Summary Why the U.S. economy continues to display polyurethane-like flexibility and resilience, despite encountering extraordinary shocks. How portfolios can also be built with flexibility and resilience in mind. Why high-quality fixed income assets are today a critical component of...
Summary The University of Michigan Consumer Sentiment added a stronger-than-expected 1.5 points to January’s strong gain to reach 66.4, the highest reading since January 2022. Beijing lashed out at President Joe Biden for saying Chinese leader Xi Jinping faces ‘enormous pr...
Summary Lower coupons provided the fuel to tightening while production coupons battled supply to a standoff. The market is still coming off the historic and Fed-induced lower interest rates sparked by COVID measures. While the U.S. housing industry faces headwinds, so do those who'v...
Summary The average 30-year fixed mortgage rate spiked to 6.39% today. It bounced by 40 basis points in two days off the low of 5.99% on Thursday, giving up a month worth of declines in two days. The 2-year Treasury yield has jumped by 37 basis points since the close on Thursday, wh...
Summary The two key risks of fixed income are interest-rate risk and credit risk. Duration and high yield are often negatively correlated. We like the secured nature of securitized bonds. By Matthew Sheridan, CFA Transcript When we think about gener...
Summary With aggressive rate hikes in its war against price inflation, the Federal Reserve pricked the housing bubble and air continues to seep out. Existing home sales fall for the 11th straight month in December. Existing home sales fell faster last year than they did in 2007, 200...
Summary Early this morning, the weekly release of mortgage purchases and refinance applications from the Mortgage Bankers Association posted outright impressive week-over-week increases for both metrics. Beginning with a look at purchases, the reading surged almost 25% week over week fo...
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2024-07-14 15:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-24 05:50:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-04 22:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...