Better than expected Non-Farm-Payrolls number... Fairly sizeable sell-off earlier in the day (though possibly stabilizing now)... Given that we mentioned both MBS and Treasuries as being at the weaker limits of their recent ranges yesterday, it's fair to assume that those trends would be at risk of breaking...
Posted to
MBS Commentary
by
Matthew Graham
on
Fri, Oct 7 2011
Filed under:
Filed under: mbs, NFP, technical analysis, test, trend channel, pivot point, treasuries, rate techs, Concrete Ceiling, Confirmation
The weakness in MBS and Treasuries over the past few days has been unpleasant, but at least the charts are suggesting it's been a calculated move. Notice in the MBS chart below that a majority of "bounces" (peaks and valleys) are occuring along the same two lines over the past two days. These "internal...
Things began in pretty ugly fashion this morning. MBS came in the door weaker than yesterday and fell further after the Jobless Claims data. At that point, Fannie 3.5's were actually below the lower line of their long standing trend channel. In technical analysis jargon, that would constitute a "test...
Mortgage rates continued to hold steady yesterday as prices of mortgage backed securities slowly inched higher yesterday. AQ and MG were discussing the supply and demand dynamics of the MBS market yesterday, citing several reasons for the stable range being held by MBS coupons, even as benchmark 10 year...
Mortgage rates moved a few basis points lower yesterday after the bond market experienced what AQ and MG refer to as a "forced rally". Stocks were selling the dollar was stronger and the market was generally nervous about a weak Jobs report after Goldman Sachs revised their Non Farm Payrolls...
Mortgage rates were were unchanged for the most part yesterday as prices of mortgage-backed securities held to their recent range. Following Monday’s light volume trading session which pushed MBS prices to levels not seen in months, trading volume picked up yesterday and MBS were able to hold onto...
Although the give and take wasn't quite as drastic as yesterday's, once again we saw prices travel in a confined range with an almost symmetrical pattern. Once again we had economic data that could be interpreted either way and a stock market that did not make a decided move in one direction...
Posted to
MBS Commentary
by
Matthew Graham
on
Thu, Aug 6 2009
Filed under:
Filed under: daily rates, interest rates, lock, market commentary, mbs, Stock Lever, Waiting for Guidance, wait and see, MBS Status Quo, NFP, Exhaustion