Bonds Extend Rally Around Technical Trends. Locks On Hold Into Close
Posted To: MBS Commentary
Fannie 4.5's up 7 ticks at 100-21 10's down a few bps from 7yr auction time at 1pm from 3.75 to 3.73 Stocks pausing at resistance, while bonds catch a 2nd wind from theirs. 10yr chart is getting pretty cool… Speaking of that cool chart: And what's good for treasuries has been directionally good for MBS..,to an extent ( see yield spread range trade bias on this post ) Stocks aren't really arguing… More on all this stuff later, but for now, you can float at least until cut-off and reassess. We've seen a few lenders reprice the better, not many others though. More might. Stay tuned….(read more)
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