Posted To: MBS Commentary
European traders were month-end sellers, pushing rates higher overnight US bond markets battled back during the domestic session Treasuries were green at the 3pm close and MBS are still green, barely Not much impact from economic data, although data was generally supportive of longer-term themes (slowing economy) Bond markets had a completely inoffensive month-end session with Treasuries and MBS ending up essentially unchanged versus yesterday’s excellent (relative) closing levels. When compared against 3 weeks ago, current levels leave a bit to be desired , but compared to where it looked like we were heading at the beginning of this week, we’ll take it! 10yr yields have moved right back to the upper edge of their previous range (1.84%) and managed to trade below there late this afternoon…(read more )