Posted To: MBS Commentary
The last 2 weeks have been woefully uneventful and moderately positive for bond markets. Each week saw modest losses on Monday and gains on each subsequent day. Not only were these two weeks similar to one another, but the block of time also turned out to be quite similar to the moderate gains seen in mid-June. Until now, that had been the only substantial push back against the quick rise in rates that began in late April. Each candle in the chart above represents one week. Naturally, if we see another “green candle” at the end of this week, it will look like the current trend is breaking lower in a way that eluded the mid-June trend. Conversely, if rates meet resistance here (aka: hit a floor), it would reinforce the longer-term uptrend that remains in place in 2015. Unlike last…(read more
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The post MBS Week Ahead: Important Week in Determining Longer-Term Outlook appeared first on Mortgage Loan Regs, LLC - Mortgage Compliance & QC Review Services.
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