Posted To: MBS Commentary
Smart stakeholders in financial markets tend to avoid assuming or asserting that particular trading levels WILL behave in a particular way. There are always too many things that could happen, and we've seen seemingly logical predictions fall flat on their faces time and again when the market does what it wants (as opposed to doing what it seems like it should do. As such, it was with no small amount of trepidation that I began talking about an incredibly narrow range taking shape in the middle of last week, and the fact that it would probably be this week's central bank announcements that helped the range break for better or worse. I'm as surprised as anyone to see just how perfectly this micro-range has endured. Since July 18th, 10yr yields have only spent only a few moments outside...(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/2ahNDwX
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