Good afternoon,
The capital markets were very
quiet today with low volumes on this summer Friday. There were no economic
reports.
The 3.5% MBS Coupon ended at
100.97 up 12bp and closed just near where it closed last Friday.
The 10 year Treasury closed at
2.58% down from 2.60% last week.
Stocks continued to drop with 4
days of losses in five and had their worst weekend since June.
The Dow fell 72.81 points on the
day to 15,425.51, down from last week’s 16,558.
The S&P 500 dropped 6.06
points on the day to 1,691.42 while the Nasdaq finished the week at 3,660.10
down 9 points on the day.
Oil was last seen at
$106.01/barrel up $2.62.
Most of the attached rates are
down.
Wine
A recap of last Friday’s wine tasting upstairs. All
purchased at K&L.
Usually, there are some clear winners identified not only by
what people say but by which bottles empty the fastest. Not this time. It was a
matter of personal preference, and all the bottles when down at pretty much
exactly the same rate. All of them had just a little bit left at the end.
A very nice sparkling wine:
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Very dry, crisp, with
interesting flavors:
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$12.99
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A little sweet for a
kabinett, but not cloying and very tasty. More people picked this as the
favorite than any other wine:
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$13.99
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Pretty dry, interesting,
good. For my taste as good as the other Txakolina but $5 less:
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$12.99
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Dry. The most complex and
interesting of the wines. It got some votes for #1, and some for #6:
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$14.99
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Dry, interesting. Some
preferred it to the other Txakolina, some preferred the cheaper one:
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$13.99
|
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$19.99
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