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MBS Day Ahead: Core Range Intact All Week

(Mortgage News Daily) - 11 months ago
 Posted To: MBS CommentaryIn terms of 10yr yields, bond markets have been locked in the same narrow range for a week and half. Even when the range was only 2 days old last week, it seemed likely that it would come to a head by tomorrow's CPI data. With the boundaries still firmly intact, that seems increasingly likely . The only caveat is that the passing of today's 30yr bond auction presents an opportunity for a "lead-off" in bonds. For instance, let's say that traders w...
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