MBS Day Ahead: Fighting to Stay in New, Lower Rate Range

mbs day ahead fighting to stay in new lower rate range

Sumary of MBS Day Ahead: Fighting to Stay in New, Lower Rate Range:

  • Combined with weaker Jobless Claims data, it’s been enough to keep bonds inside this week’s new, lower yield range marked by a ceiling of roughly 1.30% (we have it marked at 1.295, or 1.29+ for short).
  • We’re close enough that it wouldn’t take much of a negative impulse for that ceiling to be challenged, but more dramatic movement may be reserved for the next two weeks which will bring a Fed announcement and the hefty data cycle culminating in NFP Friday on August 6th.

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