MBS MID-DAY: Cautious but Meaningful Rally After ADP Data
In other words, 10yr yields have continually shied away from breaking any lower than that, though MBS have increasingly outpeformed in the meantime. Whereas 10’s are no lower than overnight lows, MBS are at their best levels since June. The afternoon events could draw out some more conviction in Treasuries (meaning either a firmer bounce against recent yield floors or finally breaking them).
Posted on October 30, 2013, in Uncategorized and tagged Bond market, Business, Federal Reserve System, Investing, Mainichi Broadcasting System, MBS, Treasuries, United States Treasury security. Bookmark the permalink. Leave a comment.