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MBS Day Ahead: Momentum Shift Confirmation

(Mortgage News Daily) - 1 weeks ago
 Posted To: MBS CommentaryIn the week just past, bonds rallied hard into the Independence Day holiday. 10yr yields hit fresh multi-year lows before getting slammed by a jobs report that came out much stronger than expected. The resulting weakness brought them in line with the highest levels from the previous week. The losses also changed the shape of certain technical patterns that help us track bond market momentum. One of the simplest examples is in slow stochastics (green/teal lines in the cha...
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MBS Day Ahead: Take This Shift Seriously - (Mortgage News Daily)

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