Tuesday, 30 November 2021 | The Latest Buzz for the Appraisal Industry

MBS RECAP: Stock Losses Reinforce Bond Market Opportunities

By Matthew Graham

Posted To: MBS Commentary

Back on January 18th, stocks made it as high as they’ve been able to make it since early December. From there, they ebbed a bit and traded sideways for several more days before reapproaching those highs last Friday. Breaking above those highs would have been technically significant (i.e. it may have served as a cue for more positive momentum). With the temporary shutdown plan announced with only hours left in the day, that made this week highly uncertain . But rather than stampede up and over the overhead ceiling, stocks moved steadily lower overnight and then more sharply lower in the morning hours. Corporate earnings played a part as did oil price weakness and another downbeat speech from ECB President Mario Draghi. Bond markets didn’t object, and soon found themselves back in positive…(read more)

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