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2011
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Mortgage backed securities (MBS) closed down 3 basis points today at 101.91 having once again managed to remain above support offered by the 25 and 50 day moving averages. Traders are acting cautiously in advance of tomorrows jobs report. The sometimes flawed ADP report came out yesterday and a...
12/01/2011
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Mortgage backed securities (MBS) closed flat at 101.94 Wednesday having remained above double support offered bythe 25 and 50 day moving averages. This represents an extremely rare three day stretch during which both bonds and stocks fared well. Of course the break even for bonds was no where n...
12/01/2011
