MBS RECAP: Bonds Make Good on Threats of Weakness

Home / Blog / MBS RECAP: Bonds Make Good on Threats of Weakness

Posted To: MBS Commentary

Bonds have been threatening to end their pleasantly surprising stint of gains over the past few weeks on each of the past 4 business days. Yesterday's weakness was technically enough to start packing up the party supplies, but an isolated day of trend breakage is always more meaningful when it brings a friend. Today was the friend--only in our case, it's the friend of an enemy . In other words, today's moderate bond market weakness confirms the breakout of the stronger trend that had been intact during the previous 2 weeks. The losses can't be traced to any singular event although we can see that most of the weakness occurred during European hours overnight. News of a potential Brexit re-vote added to the mid-day weakness and actually prompted bond yields to hit their highs...(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...

22fd98ed b1d6 4042 9d12 9bfdfe2509c0 712f5f69 082e 4e0a b1d4 4c8b505e7aa7 bc51d82e a1c7 4a1f 9a33 abf887c40ae9 5f10c5c7 afed 42a4 8875 dfb3b7f31af5 49d81c01 fd4d 47b8 b0ad 7a8dcd380584 5f8080e4 981b 4d05 be1d e6dd3b74da0d 57c4ca45 af25 4ead 8c22 3f98bf3cfef7 61d8f99d 8a3e 4c1d b524 1a27ccd7c56c b13d2533 3ddf 4f53 82e1 77c4c8c9a7e4 481c54e5 33b5 46ce a2be e7b167bc7660 aef472bc 60ed 4074 af6d a1c2043d6d0c 5f47d04f 3655 417c a344 87479187dfb1 f756cf99 83b4 4978 bff3 f38823ad0018 dda7aae5 b127 41ce b996 6716351ebd60 fb0d46e4 01d6 443b b43c c661ca0c3f00 491a406e 8803 4a0e 8d04 a3eb1f97ec04 f9edbcce d2c8 4cb7 b616 9557566f9a7b b846b747 62dc 4397 af2c 50eca8eee200 ef172da6 c975 433c b7d1 0c1dfda178ad 4eec4473 262f 4023 9959 517de832aff3 2803c33a 92e9 4205 bb1e 7ffc7589797e 82a8c638 0642 4dd5 9c21 f3799bfcb107 99e3391c 5fbb 4520 8f90 3a133a75de68