MBS Day Ahead: Rates Remain on Edge Ahead of NFP

With the end of the month/quarter out of the way, bond markets may now have more capacity to tune in to the week’s economic data. But when quarter-end has been biased in one direction, the beginning of the new quarter can sometimes act as a bit of a correction. This possibility is reinforced by the charts, where several technical momentum gauges have been stalling out. Beyond that, yields themselves have simply been bottoming out.

Leave a Reply

Your email address will not be published. Required fields are marked *