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MBS RECAP: Bonds Run Out of Steam, But Not Composure

(Mortgage News Daily) - 3 months, 3 weeks ago
 Posted To: MBS CommentaryAll things being equal, today was a fine day for the bond market. Sure, 10yr yields ended the day 2bps higher than yesterday's latest levels, but in the recent context, they're better thought of as "sideways at the best levels in a long time." When bonds have improved as rapidly as they have over the past week, traders are keenly on the lookout for a big, corrective bounce. But we haven't seen one yet. We may not see one unless some fundamental m...
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