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Jobs of NASCAR: Meet Spanky, the chef who cooks 150 pounds of bacon per weekend to feed his team

Jason Eidson, who goes by Spanky after the Little Rascals character who he describes as “the little short fat guy with fat cheeks,” is a chef.

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MBS RECAP: Have You Heard The One About "The Range?"

Posted To: MBS Commentary

We might have expected a bigger movement in the wake of the colossal improvement in New Home Sales (654k vs 582k previously, 580k forecast), but bonds barely budged. In fact, the first move following the data was into STRONGER territory for bonds. Treasuries eventually gave up some ground heading into the afternoon, but MBS didn’t follow. The differences in relative performance are far from troubling. They were simply more noticeable because Treasuries were in weaker territory day-over-day while MBS were stronger. In other words, Treasuries were red and MBS were green, but both were close enough to ‘unchanged.’ The 2yr Treasury auction went off without a hitch, but it’s tomorrow’s 5yr auction that is more capable of causing movement for the MBS coupons we follow (Fannie…(read more)

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NASCAR: Kevin Harvick wins rain-delayed Bristol race

A race that started Saturday night ended nearly 24 hours later.

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Rain forces NASCAR race at Bristol to be postponed

NASCAR chose to postpone the night race at Bristol Motor Speedway Saturday after repeated rain allowed for minimal laps over three hours. The race was called a little after 11 … Click to Continue »

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Top 20 New Premium WordPress Themes July 2016 – Get The Latest and Greatest Themes

As technology grows and evolves, the market is forced to adapt to any change. Computing power is predicted to increase every few months, while internet connections are getting faster. The once unsurmountable barriers of land and sea are nothing, when…

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Carl Edwards after pole victory

Edwards discusses his fifth pole of the Sprint Cup season. … Click to Continue »

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MBS RECAP: One of Those "Just Because" Days of Bond Market Weakness

Posted To: MBS Commentary

As the attached video suggests, “red happens.” It really does! After all, if you were the puppet-master behind rate movement, and if you’d decided to make rates move lower for 35 years in a row, you wouldn’t just drop rates from 15+ percent in 1981 to 1.5 percent the next day and call it good. Well, maybe you would, but the point is that markets never go anywhere in a straight line except over time frames of milliseconds. There is always some push and pull. When markets are making a strong move in any given direction, the pushing and pulling is out of balance . We would call the smaller of the two movements the “correction” to the broader “trend.” In the current case, the short term trend is sideways, so the pushing and pulling are relatively balanced….(read more)

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Soledad Theme Review: This Popular WordPress Theme Just Got Better

In this Soledad theme review, we’re going to be examining one of the best-selling blog and magazine style WordPress themes at the popular ThemeForest marketplace. Thanks to a recent update that saw many new features and extra functionality added to…

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NASCAR Sprint Cup Series at Bristol: Bass Pro Shops NRA Night Race at a glance

A quick look at Saturday’s race at Bristol Motor Speedway

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MBS RECAP: Bonds Uneventfully Extend Post-FOMC Gains

Posted To: MBS Commentary

Today was one of the many summer trading sessions that you wouldn’t miss if it never happened . Bond markets ended up making modest gains after the 5yr TIPS auction (not normally something we look to for market movement!). Before that, Treasuries and MBS were best described as sideways in the same old range. The morning hours saw repeated attempts to break below 1.54% in 10yr yields. The fact that this resistance was easily and casually broken in relatively low afternoon volume suggests it wasn’t that big a deal in the first place. In the bigger picture, markets continue grinding out narrower and narrower ranges heading into next week’s Jackson Hole symposium. With no data on tap for tomorrow, the trading range should be as good a guide as anything. With that in mind, rates are…(read more)

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