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MBS Day Ahead: Pondering The Next Move as Data Picks Up

(Mortgage News Daily) - 1 months, 1 weeks ago
 Posted To: MBS CommentaryIn the day just past, bonds put in their biggest day of weakness since mid-April on what looks to have been a purely technical correction. It was an ideal day for such things considering the extreme gains on Monday and the absence of any significant economic data. 10yr yields moved back up to the nearest technical ceiling on our list, 2.12-2.13% In the day ahead, bonds will have more significant economic data to digest with the 10am ISM Non-Manufacturing report being the...
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