Posted To: MBS Commentary

Evidence For a Ceiling Continues to Accumulate All the normal disclaimers are in order: – This is a rising rate environment until proven otherwise. – Floating is best thought of as an intraday endeavor. – Things can always change very quickly. – Any notion of a ceiling is best measured in days and weeks for now. And the list goes on. With the disclaimers out of the way, we can talk about the mounting evidence for a consolidation that puts an end to the rising rate trend of early 2021. Today may be the first day where it makes any sense to do so, even if it falls well short of making any guarantees. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Market Movement Recap 08:29 AM Bonds added to yesterday’s late-day strength with a bit of follow-through in Asia. EU bonds were weaker at the…(read more)

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Published On: April 6, 2021 / Categories: Mortgage News /