Thursday , 21 January 2021

MBS RECAP: Best Closing Levels since May 2013

By Matthew Graham

Posted To: MBS Commentary

Both Treasuries and MBS hit their best closing levels since May 2013 today as the global flight-to-safety continues. Make no mistake that this move has been, and continues to be driven by Europe . Oil prices are a temporary helper at best, and a byproduct of actual fundamentals at worst. For now though, their movement has been synergistic enough to get lots of credit. Other factors include the fact that today is only the 2nd serious trading day of 2015 , and we often see a flood of tradeflows come back into the market after the holidays. Sometimes these add momentum to a previous trend, and other times (like now), they quickly get markets back in line with the trends that were in place before the holidays. The most notable thing about the current rally is that it didn’t follow that familiar…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: MBS RECAP: Best Closing Levels since May 2013

      

Comments

About Mortgage News Daily

Mortgage News Daily

Check Also

The Richest Appraiser in Babylon

If you’ve not read “The Richest Man In Babylon” by George S. Clason, stop reading …