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MBS CLOSE: Insult To Injury?

By admin | January 8, 2010

pPosted To: a href="/mortgage_rates/blog/"MBS Commentary/a/pInteresting dichotomy here at the close... In one way, nothing much has changed since the last post. In fact, nothing at all... But in another way, measuring what#39;s quot;changedquot; and what hasn#39;t all depends on whether we#39;re talking about the tenor of the day, week, and beyond, or if we#39;re talking simply about price movements. The price movements (down about 6 ticks to end a tick into negative territory) may SEEM significant, and if they had been preceded by an extremely flat market, probably would be... But considering the range boundaries discussed earlier (earlier today, this week, last month), it really and truly is, just more of the same: None of that late day weakness occurred with any major volume or reason behind it either. So given that the post 3pm trade on a...(a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/128316.aspx"read more/a)pdiv style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"strongForward this article via email:/strongnbsp;nbsp;a href="http://www.mortgagenewsdaily.com/channels/128316/3/forward.aspx" style="color:#3333CC;"Send a copy of this story/a to someone you know that may want to read it./div/pimg src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=128316" width="1" height="1"

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