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MBS Day Ahead: Housing Data and The Fed

(Mortgage News Daily) - 4 weeks ago
 Posted To: MBS CommentaryIn the week just past, the bond market began by threatening to bounce toward higher rates after an impressive, 5-week rally to the lowest levels since 2017. The first sign of support appeared without any provocation other than "relatively higher yields." This is a good thing because it indicated traders were looking for an opportunity to step in and buy bonds without any additional motivation. They were looking to reinforce the range as opposed to ride a wave o...
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