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MBS Day Ahead: Still In The Range, But Defensive Trend Continues

(Mortgage News Daily) - 1 years ago
 Posted To: MBS CommentaryWhile there have been a few pockets of decent gains in the past week (Thursday afternoon and yesterday morning), the general trend has been toward weaker levels since last Wednesday. That marked the 2nd time in March that 10yr yields bounced at 2.80% in a clearly-delineated sort of way. Each bounce has given way to fairly linear selling trends (i.e. rates moving higher). Yields are currently riding that trend into tomorrow's FOMC announcement. There are several pivo...
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