Posted To: MBS Commentary
I hate to say anything bad about bond market gains. Bond market gains are among a few of my favorite things, after all! I also hope I'm wrong in thinking today's rally was "nice" enough to be questioned. I spelled out the reasons for this in detail in today's MBS Live updates and the Huddle ( MBS Live members be sure you're signed up to receive the Huddle at this link ), which is a daily video update with bullet points on market movers, technical levels, and lock/float guidance. In a nutshell, I'm wary about today's gains for the following reasons: they occurred in lower volume they continue to be driven by big tradeflows as opposed to big news/econ data big news/econ data was generally passed over, as if markets were trying to get somewhere ahead of NFP NFP...(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/2v1faM4
No comments:
Post a Comment