MBS Day Ahead: It Would Take Some Convincing to Break The Range

Home / Blog / MBS Day Ahead: It Would Take Some Convincing to Break The Range

Posted To: MBS Commentary

Remember the flat, boring range between 2.8 and 2.9? Or perhaps you prefer the slightly stricter version between 2.82 and 2.88? That's the range that dominated our conversation and bond trading beginning in late June. The range went on vacation through early August, but has been back in town for more than 3 weeks now . Any strength in bonds today would easily keep the range intact. As the chart suggests, the bounce in longer-term momentum (slow stochastics) is bad news, but it requires some qualification. While it's true that bonds tend to have more red days than green days after such bounces, the first 3 days of this week count, and sometimes the bounces are shallow enough that we wouldn't necessarily need to see too much more weakness before the next reversal in momentum. Beyond...(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...

710ad521 7090 4d3c 83ff 59f231d985c3 a36bbf09 502f 4d3a b1ce 6daee8cb5f49 441a183c fc4e 41c4 9323 595896b57de4 a0c4cc1f 84d5 469d 918c b9aad50617ed 7316f5d5 04f5 4f46 8c7a 3abeabc868d9 10e78e09 6632 43d5 8308 8e614600a644 46fc9b93 973f 443d aa17 4aca6bd0a6b2 0a704274 b809 4149 8278 0cf22e9c7389 fb573332 7857 4f9f a076 f2cdae58d8e9 6bcc2aff 207b 4003 9d66 21404169c502 cd8c0b24 9389 406d 875d da25e3e1a51c 277e12f0 19ce 433c a0d6 ec857ab61836 dfebf98c 7775 4ee0 b075 cd213e25fecf 65316d64 89d8 4b1c bf1c 0f64759b4f9c 981e4f1a 4297 4f6a 9135 b5568de78988 39f6ff43 77bc 4e6d a8e0 10990297f081 9004e31c 8fef 4aa8 8295 c4ec3c6ce4fb 3f0f42eb b94e 4aee 90c4 2076017df7cc 9b621e1c 5076 401d b6ef e381875d7b44 b6ce0862 75c4 469e a68c 824ddd9347b1 2454d6c9 3f41 43b8 98d5 9a196a521d5b 83e38591 d45a 4c96 8eef 73ba1bb5ee75 6963d946 469e 408d 874a af3de7400da1