Posted To: MBS Commentary
The sell-off is getting old , literally and figuratively. Of course it’s old in the sense that no one likes it, but what about it’s objective age? There are different ways to measure how old a sell-off is getting. This particular move is old in terms of the number of consecutive days spent moving higher in yield. From there, we might also looks at the number of days that yields have given a certain technical signal. One thing that jumps off the screen at me is the consecutive breaks of the upper Bollinger band. Those are the 3 little squiggly lines you’ll sometimes see on technical charts where one line is in the middle of charted security’s price and the 2 outer lines tend to encompass most of its trading range. These five consecutive breaks jump off the screen because we just…(read more)
Via:: MBS Day Ahead: Now All We Need is a Reason to Rally
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