Big Intraday Weakness Against Backdrop of Bigger Picture Strength
Big Intraday Weakness Against Backdrop of Bigger Picture Strength
Abstract
MBS lost more than 3/8ths of a point between 1030am and 330pm today and 10yr yields rose roughly 8bps during the same time. Even after those losses, the day-over-day gains were roughly the same size. The bigger picture is actually brighter dur to today's movement (and data, not the economy. Jobless Claims 229k vs 227k f'cast, 231k prevately weaker overnight. All of the gains happened right at the EU open.
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Big Intraday Weakness Against Backdrop of Bigger Picture Strength MBS lost more than 3/8ths of a point between 1030am and 330pm today and 10yr yields rose roughly 8bps during the same time. But even after those losses, the day-over-day gains were roughly the same size (i.e. MBS 3/8ths stronger and 10yr yields more than 7bps lower). Credit the PMI data overnight in Europe for a strong start this morning and domestic PMI data at 9:45am for another injection of bond buying momentum. The bigge...
Big Intraday Weakness Against Backdrop of Bigger Picture Strength MBS lost more than 3/8ths of a point between 1030am and 330pm today and 10yr yields rose roughly 8bps during the same time. But even after those losses, the day-over-day gains were roughly the same size (i.e. MBS 3/8ths stronger and 10yr yields more than 7bps lower). Credit the PMI data overnight in Europe for a strong start this morning and domestic PMI data at 9:45am for another injection of bond buying momentum. The bigge...
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Whatever you believe, you can achieve! The power of thinking big makes an enormous difference in your real estate career, so today we're discussing how to set & achieve big goals in order to finally life the life of your dreams. Join Tim & Julie Harris as we talk about setting & achieving practical, real-world goals that become the golden steps along the path to true real estate success.
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn more abo...
Whatever you believe, you can achieve! The power of thinking big makes an enormous difference in your real estate career, so today we're discussing how to set & achieve big goals in order to finally life the life of your dreams. Join Tim & Julie Harris as we talk about setting & achieving practical, real-world goals that become the golden steps along the path to true real estate success.
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn more abo...