MBS Day Ahead: Uncertainty In fact Means Uncertainty

Posted To: MBS Commentary

I&#039ll confess, there are instances where by I place out some chart-based mostly proof of uncertainty in the bond market place and I feel like we&#039re just delaying an inescapable shift. The most current sideways consolidation felt like that yesterday. Confident, yields were locked inside of a awesome, linear consolidation vary, but with the coronavirus predicament seemingly increasing and US shares at all-time highs, it felt like we were basically waiting around for premiums to inevitably crack larger. What a change a couple of hrs can make! Stocks are nevertheless pretty near to these all-time highs, but bonds have moved to seriously favor the decrease conclude of the current vary. While I pointed out that the upwardly-sloped trend line was far better recognized yesterday, these days&#039s gains promptly degree the taking part in discipline (i.e. equally of the pink strains in…(go through a lot more)

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