Posted To: MBS Commentary
Things were looking up as of yesterday’s close. After weeks of selling off with only a brief 1.5 day correction last Thursday and Friday, bonds finally had a green day that didn’t rock the boat. Specifically, it was a relatively calm session where trading levels never broke outside the previous day’s range and where the previous day hadn’t set new highs in the rate trend. No other green day can say this since mid-April As we discuss fairly constantly, so much of the recent sell-off has been due to core European bond markets . It is quite interesting to note that core European bond markets were largely closed yesterday. Could this be the only reason things seemed to take a positive turn at home? That’s a question that’s ponderous more than it is answerable , but it will…(read more)
Via:: MBS Day Ahead: Bond Markets Look for Another Good Day to Solidify a Bounce
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