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MBS RECAP: Bonds Hit Resistance Right in Line With Last Week's Floor

(Mortgage News Daily) - 7 months, 1 weeks ago
 Posted To: MBS CommentaryBonds struggled to find inspiration for the first few hours of the domestic session, but it was soon in ample supply thanks to Brexit-related headlines ( like this one ). The result was a broad-based risk-off move that saw bonds move back to their strongest recent levels. Notably, though, that's as far as bonds got. Specifically 10yr Treasury yields were once again blocked by a floor in the mid 2.82% range. This has been an on-again off-again pivot point of high sig...
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