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MBS Day Ahead: Bonds Back on The Ropes

(Mortgage News Daily) - 4 months ago
 Posted To: MBS CommentaryIt's a crappy day. Sorry to use such an esoteric analytical term, but it's the most accurate way to describe the outlook. So what changed? Long story short, we'd been in a narrow, consolidative range since late September. That range had a chance to be a straight up correction back toward lower rates, but bonds weren't able to maintain momentum after last Friday's strong post-CPI rally. Resistance kicked in at a well-traveled technical level of 2....
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MBS Day Ahead: All Rise! The Judge is In - (Mortgage News Daily)

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