Friday, 30 September 2022 | The Latest Buzz for the Appraisal Industry

MBS Week Ahead: Balanced Risks for Bonds, Early Auctions, Moderate Data, Eyes on Europe

By Matthew Graham

Posted To: MBS Commentary

In terms of the technical trends as of last week, domestic bond markets became more balanced by the end of the week. Before that, they were certainly at more risk of weakness after bouncing at long-term low yields on Tuesday. Friday’s strength kept many of the mainstream technical studies OUT of the territory that would suggest a bigger bounce into weaker territory was underway. For instance, in the chart below, negative risks would be more imminent if the bottom 3 sections (Fast Stochastics, MACD, and RSI, respectively) were moving higher. But so far, they’ve been holding steady. While that’s no guarantee for future performance, it’s one vote in favor of balance as we begin the new week. Data arrives at a moderate pace, but most of it arrives in the 2nd half of the week. Treasury…(read more)

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