RECAP

MBS RECAP: Bonds Keep Running The Table Without Much Motivation

Posted To: MBS Commentary Bonds Keep Running The Table Without Much Motivation The absence of overt, discrete motivation is one of the most interesting facets of the bond rally over the past few weeks. If anything, the overt/discrete stuff has made stronger cases for bond market weakness (i.e. high inflation reports and weak auctions). This […]

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MBS RECAP: Small, Defensive Shift Heading Into The Weekend

Posted To: MBS Commentary Small, Defensive Shift Heading Into The Weekend The highest core inflation in decades proved to be no big deal this morning. In fact, bonds rallied. Unfortunately, that set up for a technical selling opportunity as traders pared long positions heading into the weekend. The selling stalled right at the 1.53% technical […]

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MBS RECAP: Huge Jobs Report, Logical Weakness, and a Nice Bounce, But…

Posted To: MBS Commentary Huge Jobs Report, Logical Weakness, and a Nice Bounce, But… Bonds did quite well today considering Powell's endorsement of higher rates (yesterday) combined with this morning's significantly stronger jobs report. Most of the push back was seen in MBS, however, and even then, closing levels are only really worthy of enthusiasm […]

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MBS RECAP: Snowball Selling in Bonds After Mid-Week Rally Fizzles

Posted To: MBS Commentary Snowball Selling in Bonds After Mid-Week Rally Fizzles We were looking for a friendly correction in bonds this week and it arrived on Tuesday and Wednesday. Those sorts of corrections run the risk of being 2-day affairs and that is unfortunately shaping up to be the case this time around (a […]

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MBS RECAP: Bonds Break Key Levels After Fed

Posted To: MBS Commentary Bonds Break Key Levels After Fed Both MBS and Treasuries were right on the edge of their recent ranges heading into Fed day. MBS broke their range right out of the gate while Treasuries waited until the Fed was done before their breakout. If this positive momentum retreats tomorrow, it will […]

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