MBS RECAP: Bonds Sneak Into September Unnoticed

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MBS RECAP: Bonds Sneak Into September Unnoticed

Posted to: MBS Commentary
Friday, August 31, 2018 5:36 PM

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August began with bond yields moving down from 3%, effectively keeping them in a sideways-to-slightly higher trend that arguably dates back to January. The trend may have taken a break in the spring as yields tested a move over 3.10%, but geopolitical considerations and trade tensions quickly caused traders to rethink it.

2018-8-31 close

At times, the range has been as narrow as 2.82-2.88, which is also true for most of this week, and easily true for today. With rates operating so persistently in such a narrow range, there’s little to do but wait for a breakout. Otherwise, we’d just …

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