MBS CLOSE: MBS REACH ANOTHER ALL TIME HIGH!
Posted To: MBS Commentary
It was a fairly anticlimactic trading day on which to hit the highest closing prices in the history of the 4.5 MBS. With limited data to either douse the dreams or fuel the fires of Dubai-induced flights to quality, bonds were forced to turn to Chicago PMI as the sole appetizer to a more robust offering of post-holiday fare later in the week. And as is the case in many households, sometimes the most anticipated part of Thanksgiving is the week of leftovers that follows. Whatever the case, the rest of your charts this week will not be the orderly movement of decreasing volatility within a range as seen below. The theme even plays out in the long term chart as we can see wider and more volatile ranges evolving into the more narrow and contained rally that has defined recent months. More of a…(read more)
Written by Matthew Graham on November 30th, 2009 with no comments.
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