Rate Techs: Short-Term Targets Identified

Hot news from AZ Home Help:

Posted To: MBS Commentary

After some harrying high volatility moments in the immediate wake of the Employment Situation Report, benchmark 10's have dug in at their best levels since..... since yesterday. We're just approaching yesterday's opening levels. Still. The generally defensive bias of short sellers in the bond market adds a bit of optimism to the rates outlook. If it is indeed true that bonds are in the midst of a shift in technical tradig bias, from bearish to bullish, it will certainly take an extension of the behavior we witnessed today to confirm it. Let's take a look at some immediate targets that would help us lean in one direction or another. The chart below shows where noticeable pivot has developed around 3.49%. This is the inflection level that's whispered words of support in our ear during the darkest...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: www.mortgagenewsdaily.com

- For more real estate news visit our website at http://www.AzHomeHelp.com