Posted To: MBS Commentary
Bonds are starting the day in moderately weaker territory. In so doing, 10yr yields are rejecting the opportunity to break below the 1.30% technical level. Notably, they rose above 1.30% just before the 3pm close yesterday (the time of day that holds the most weight for technical analysts in day-over-day terms). It remains to be seen how much 1.30% matters. It's been more of a "center of gravity" for a sideways range recently as opposed to a true pivot point (unlike July). Coincidentally, 1.30% currently lines up with the bottom of the consolidation pattern, and in that regard, the bounce is much more relevant. MBS Pricing Snapshot Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live. MBS UMBS 2.0 101-10 : -0-04 Treasuries…(read more)
Source: Mortgage News Daily
