Posted To: MBS Commentary
From time to time, we see various financial markets take a "lead-off." Just like in baseball, the lead-offs occur because the base-runner knows where he wants to go and is better served by taking a few steps in that direction, just in case whatever happens on the next pitch allows an opportunity to head in the desired direction. It's oh-so-similar for bond markets. Both the ballplayer and bond markets are playing for the happiness of their fans and the profitability of their franchise. Both are trying to get to the next significant interval on their journey. For ballplayers, we can measure those intervals quite simply as the bases. For bond markets, the bases are more like the significant technical levels, and even the signals that arise from technical overlays like those seen...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2hivHSh
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