Posted To: MBS Commentary
Bond markets had been in a clearly-delineated positive trend from mid-March through mid-April followed by a clearly-delineated negative trend though mid-May. After breaking out of that uptrend--something that was only confirmed on May 17th,--bonds have trended generally sideways . In other words, we're still waiting for the next trend to take shape. All we know for sure is that the most recent uptrend in rates is over. While some of the recent movements have been alternately ominous and promising , yields have stopped short of confirming a strong move in either direction. One way to think about this visually is with the Bollinger Band study overlaid on the 10yr Treasury candlesticks below (purple-ish lines). If the candlesticks were pushing the lower band, it would be a vote in favor of...(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/2qEICHn
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