MBS RECAP: Settling Into Holiday Weekend Drift
Posted To: MBS Commentary
MBS Live : MBS Afternoon Market Summary This morning, we suggested that markets are relatively out of trading ideas until the next big-ticket items start hitting and thus, might use whatever opportunities arise to make course corrections within a broader range (read more about the SNEAKY TRICK if you missed it this morning). We also noted that there are different ways to determine what that “broader range” might be. Now with today’s trading mostly in the books, not only are we getting ongoing confirmation of these “course corrections within a broader range” but there’s an emerging visual representation of this in 10yr yields (which, as you may know, we prefer to MBS as far as assessing trends in interest rates despite the fact that this is an MBS site, especially when bigger potential shifts…(read more)
