Posted To: MBS Commentary
Yellen rally set off positive technicals "Technicals" refers to mathematical interpretation of market movement based only on the previous market movement (i.e. ignoring data and external events) Today's data is a non-event, thus leaving focus on technicals Watch 1.85 and 1.88 in 10yr yields for defensive ceilings. They might be attacked, but if they hold, that's good. Yesterday's Yellen-induced bond market rally did some nice things for most of the mainstream technical analysis (drawing conclusions and making predictions about market movement based solely on the market movement itself, as opposed to external events). There are too many different technical studies for most anyone to want to digest on a regular basis when watching one of their most important securities,...(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/231cmrh
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