Posted To: MBS Commentary
While mileage may vary depending on the lender, many are getting close to levels not seen since Thursday Feb 5th, a day before the NFP report that kicked February’s selling trend into high gear. That would go on to receive an exclamation point with March’s NFP release as rates hit 2015 highs in its wake. But ever since then, rates have been descending , and not in a half-hearted way. 11 out of the last 12 days have been steady or stronger. Today was particularly interesting as both of this morning’s economic reports were stronger than expected. Even though they didn’t beat big, if bonds would have been looking for an excuse to bounce off recent floors, they would certainly have had it this morning. The fact that European bonds continued to weaken only adds to that “excuse”…(read more)
Via:: MBS RECAP: 2 Months of NFP Losses Nearly Erased
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