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MBS RECAP: Trade Headlines and Momentum Keep Bonds on The Run

(Mortgage News Daily) - 3 months, 2 weeks ago
 Posted To: MBS CommentaryThe title of yesterday's recap was "Don't Call It a Comeback," and today's weakness is why. Well, to be fair, since I'm always the first to tell you that no one knows what tomorrow will bring in financial markets, we knew nothing of today's weakness ahead of time. What we DID know what that yields were higher on the day, yet again, and were visibly struggling to make it back below a key technical level at 2.47%. That weakness kept rates...
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