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MBS Day Ahead: Clear Correction May Be Finding Clear Ceiling

(Mortgage News Daily) - 6 months, 1 weeks ago
 Posted To: MBS CommentaryThe first 3 days of this week have offered a clear correction/consolidation to the strong rally of the previous month. This had as much to do with timing and technicals as anything else. In other words, the rally brought yields so much lower, so quickly (relative to other attempts to rally in 2018) that it would have been a surprise to see it continue, especially in the week leading up to an important FOMC Announcement. In fact, much of that rally is predicated on the FO...
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