MBS RECAP: Bonds Leveling Off But Not Out of The Woods
Bonds Leveling Off But Not Out of The Woods
Bonds began the day with a test of the important technical ceiling at 1.37% in 10yr yields. With some help from geopolitical risk due to bombings in Kabul, bonds managed to stay fairly calm with the 10yr just a hair better than ‘unchanged’ at the 3pm CME close. MBS also found their footing and were 2 ticks (0.06) higher at the same time. We’re not out of the woods yet though. Tomorrow brings Fed Chair…
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