MBS MORNING: Corrective Probing. Holding Pattern
Traders have pushed the 10 yr TSY note back to yesterday's 830AM (pre data) yields indicating the market is looking to test the strength of yesterday's selloff. Remember, after three straight days of progressively more intense selling, the long end of the yield curve is oversold, which implies the currently flatter yield curve is a function of market participants consolidating positions so they can continue poking and prodding at resistance and support levels before the weekend …(read more)
Related posts:
