Posted To: MBS Commentary

Could be Better. Could be Worse Bonds ended last week on a strong note with yields challenging the lowest levels of the recently higher range. With no definitive breakout, we were forced to wait for the current week to see if the good times could keep rolling. They couldn't–at least not today. In that sense, the new week could have gotten off to a better start. On the other hand, losses are minimal and bonds are still much closer to last week's better levels. In that sense, things could certainly be worse. Either way, we're waiting for last week's highs or lows to be broken–something that has a decent enough chance of happening after Friday's jobs report, if not before. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Market Movement Recap 09:00 AM Initially stronger…(read more)

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Source: Mortgage News Daily