MBS Day Ahead: Consolidation Continues

Home / Blog / MBS Day Ahead: Consolidation Continues

Posted To: MBS Commentary

In the day just past, bonds maintained a range that fell almost perfectly inside the range from the previous day. The same was true of the previous day (Tuesday) and is also true so far today. This sort of momentum builds a case for a sideways consolidation, which is something we tend to see for 2 reasons more often than not. The first would simply be that bonds are coming off a very big move in the month of May and need time to chill before figuring out what they're going to do next. The second would be that bonds are approaching some big-ticket event that's likely to set the tone for the next big move. In the day ahead, we'll have the chance to rule out the possibility that the European Central Bank announcement and press conference is the big-ticket event in question (it's...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

d1680ee5 78c6 4c2a a94b 2dd6a11702bb 653da7c2 9b70 4be2 ba93 5499d023c276 3900617e d006 45d2 b5e5 6a744b4df0dd 406ce09f eec2 4ab8 acdb f1bb1e60a004 31928ea4 f203 460c 9c63 7ed5794d0dc8 77cf2a4a 7952 4e3e bf5b 15820f61453c f49f469d 20f9 442d 952c a6fe3491c269 2284b7ff 8ab3 4249 b804 7a85efa9aeda 3de8574f c5dc 498a 8d11 2d525dcf2b08 1b9fdf4b 077a 426c 9697 b976ea97768a 9c8ded2d eca8 4d13 95ff dad004fd439d d0365893 e2b4 419a a66a 86fd2a7838e1 551e0396 5754 46b1 9e3b 47dd5b962e4f f63c9ec7 e8c9 45f3 900a 27ff58737d86 65e821a5 462d 4952 bfb5 ee4d771aef1d 0b09b7f2 728a 444f bf3b e45043bfbabf d70621e7 a66e 443b b876 b9aae9092955 f06cd375 f595 4b46 a028 62bb2a8a5770 a0b44201 8bd0 440c a1a7 e9049ed8e09e b68aa404 68da 4ae3 a72a c7301191d319 a79f84ab a1f3 48a0 afb7 42d329162dbb a2d5f4d8 992c 41c4 b1e2 3c1158149ef6 2b749a75 4bc4 4f71 a62d d9e67507c67c