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MBS RECAP: Slightly Less Pain For Bonds, But More Confirmation of Reversal

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  2. MBS RECAP: Slightly Less Pain For Bonds, But More Confirmation of Reversal

Posted To: MBS Commentary

Today could be viewed at least 2 ways if you're a fan of low rates. On one hand, you might despair to see that rates are continuing higher after bouncing at the lows of the year last Friday. On the other hand, you might take some heart in the fact that today's selling was less severe than yesterday's. Neither approach is necessarily wrong. In today's video (for MBS Live members), I discussed in greater detail why we could easily see a bit more selling in the coming days. Whether or not that selling is already in the process of slowing down remains to be seen. As for today's motivation, it's interesting and complex . Bonds could justify more weakness simply because this is a "correction" the the recent rally, but they received an additional push from a big glut...(read more)

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