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Locking bias going into the long weekend

The second look at first quarter 2016 GDP showed a growth rate of 0.8%. Although hotter than the initial read of just 0.5%, it was below the markets’ expectations of 0.9%. Clearly, this is not a strong report and does…

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Locking bias

Oil prices hit the psychological $50 per barrel level as the stock market...
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Locking bias

We’ve had an extremely volatile week in the stock and bond markets.  This...
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We will maintain our locking bias

The release of the Federal Reserve’s April FOMC meeting minutes caused panic in...
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Locking bias

Mortgage bonds took it on the chin in late trading yesterday, breaking beneath...
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Floating still carries risk

Stocks are down and mortgage bonds are slightly higher so far this morning,...
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Locking bias

Mortgage bonds remain trading in a sideways channel, capped with a ceiling that...
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Little benefit to float

Mortgage bonds started the day on the down side, but bounced higher after...
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Great time to lock in

Despite further signs of weakness in the labor market, mortgage bonds are down...
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Gains of floating would be minimal

There are once again no meaningful economic reports scheduled for today, so bonds...
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