Posted To: MBS Commentary
This will largely be a rehash of the morning update that MBS Live members have already seen, as we haven’t been treated to the morning volatility that’s been so prevalent of late. Screens are green today–calmly and increasingly. To what do we owe this welcome reprieve? First of all, revisit this post . That sums up what generally may be happening around current levels. While it is possible that bonds are merely consolidating for a move to higher yields still, it’s equally possible that some of the signs of support we’ve been seeing are just that–supportive. Volatility and uncertainty have been high enough in general that we shouldn’t expect narrowly defined technical levels to hold perfectly true. It’s not uncommon to see this sort of “messy ground-holding”…(read more)
Via:: MBS MID-DAY: Bonds Continue Fighting for Foothold; Winning Today’s Battle so Far
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