Rates Recover as Dollar Rally Weakens Commodity Stocks
Posted To: MBS Commentary
Rates are staging a lackluster comeback as commodities stocks battle a strong dollar. Adding some weakness is a continued lack of liquidity in the markets. Plus health care debate rages on….much uncertainty lies ahead. The dollar is rallying and energy shares are weighing down stocks. The S&P is -0.52% at 1159, but finding stable ground at 1160 support. Here is the S&P loserboard….Georgetown should be #1 on this list, but they were omitted because they are a college basketball team, not a stock. Still, I think we can make an exception. ….and 10s are feeling some bargain buying stock lever love. Back in the 24-hour sideways trend channel after a brief bump in yields. The FN 4.5 is now flat on the day at 100-31. This is a 9 tick improvement from the intraday low price print of 100…(read more)
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