Posted To: MBS Commentary

Fundamental Hope But Technical Caution Fundamentals and technicals represent the two main schools of thought when it comes to market analysis (read more on that here). Once school is suggesting a potential bounce higher for rates while the other remains hopeful. This is a deceptively big week in terms of new information for both approaches. Econ Data / Events 11:30-11:50 AM (ET) – Fed 30yr UMBS Buying Market Movement Recap 08:05 AM Bonds were almost perfectly flat in very light trading overnight. Treasuries are starting the day roughly unchanged from Friday's latest levels. MBS are down an eighth. Stocks are .7% higher (S&P futures). 12:02 PM Some resilience in bonds despite additional gains in equities. Yields remain well off Friday's lows, but have now returned to 'unchanged'…(read more)

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Source: Mortgage News Daily