MBS Day Ahead: Busy Week Likely The Stage For The Next Big Move

After September’s big move higher in rates cooled off, we’ve been left in limbo, to some extent. There certainly hasn’t been a painful continuation to higher rates, but we’ve had some trouble breaking much lower than the initial rally early last week. In technical terms, 10yr yields rejected a break above the long term downtrend, but haven’t been able to make it back below 2.50.

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